AGL Energy Limited (OTCMKTS:AGLXY) Sees Significant Increase in Short Interest

AGL Energy Limited (OTCMKTS:AGLXY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 308 shares, an increase of 962.1% from the July 15th total of 29 shares. Based on an average daily trading volume, of 1,565 shares, the days-to-cover ratio is presently 0.2 days.

AGL Energy Price Performance

Shares of AGLXY stock traded down $0.19 on Tuesday, hitting $5.80. The stock had a trading volume of 414 shares, compared to its average volume of 1,211. AGL Energy has a 1 year low of $5.21 and a 1 year high of $7.57. The company’s 50 day moving average price is $5.93 and its 200-day moving average price is $6.47.

About AGL Energy

AGL Energy is one of Australia’s leading integrated energy companies, engaged in the generation, distribution and retailing of electricity and gas to residential, commercial and industrial customers. The company operates a diversified portfolio of power generation assets, including coal-fired and gas-fired stations as well as a growing suite of renewable energy projects, such as wind and solar farms. In addition to traditional energy supply, AGL provides energy management services, rooftop solar installations and battery storage solutions aimed at helping customers manage usage and reduce costs.

Founded in 1837 as the Australian Gas Light Company—the first gas undertaking in Sydney—AGL has evolved over nearly two centuries into a diversified energy business.