Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Down 43.5% in March

Transportadora de Gas del Sur S.A. (NYSE:TGS) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 182,800 shares, a drop of 43.5% from the March 15th total of 323,500 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 339,400 shares, the days-to-cover ratio is currently 0.5 days.

Transportadora de Gas del Sur Stock Up 1.7 %

NYSE:TGS opened at $27.38 on Friday. Transportadora de Gas del Sur has a twelve month low of $14.16 and a twelve month high of $34.37. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 25.35 and a beta of 0.62. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $26.02 and its two-hundred day moving average price is $26.41.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TGS. StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Citigroup started coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They set a “buy” rating and a $35.00 price objective for the company.

Institutional Trading of Transportadora de Gas del Sur

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in shares of Transportadora de Gas del Sur during the 4th quarter worth about $76,000. GAMMA Investing LLC boosted its stake in shares of Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after acquiring an additional 1,710 shares during the period. Blue Trust Inc. increased its holdings in shares of Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after acquiring an additional 1,036 shares during the last quarter. Insigneo Advisory Services LLC bought a new stake in Transportadora de Gas del Sur in the 4th quarter valued at $216,000. Finally, NewEdge Advisors LLC lifted its holdings in Transportadora de Gas del Sur by 1,493.8% during the 4th quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company’s stock valued at $277,000 after purchasing an additional 8,858 shares during the last quarter. 3.29% of the stock is owned by institutional investors.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.