Eiffage SA (OTCMKTS:EFGSY) Sees Large Increase in Short Interest

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,667 shares, a growth of 7,147.8% from the June 15th total of 23 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,726 shares, the days-to-cover ratio is currently 0.4 days.

Eiffage Price Performance

Shares of Eiffage stock traded up $0.68 during midday trading on Friday, hitting $28.24. The company had a trading volume of 3,833 shares, compared to its average volume of 2,337. Eiffage has a 1-year low of $23.65 and a 1-year high of $35.58. The business’s 50 day simple moving average is $29.84 and its two-hundred day simple moving average is $30.72. The stock has a market cap of $13.84 billion and a PE ratio of 56.03.

Wall Street Analysts Forecast Growth

EFGSY has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Eiffage in a report on Friday. Zacks Research upgraded Eiffage from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, The Goldman Sachs Group lowered Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.