ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Up 156.7% in August

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 82,022 shares, a growth of 156.7% from the July 30th total of 31,951 shares. Based on an average daily volume of 281,389 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

ENGIY has been the subject of several research reports. Zacks Research downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Barclays reissued an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, ENGIE has a consensus rating of “Moderate Buy”.

ENGIE Stock Up 0.6%

OTCMKTS:ENGIY traded up $0.18 on Friday, hitting $28.26. The company had a trading volume of 645,712 shares, compared to its average volume of 190,581. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. ENGIE has a 52 week low of $20.18 and a 52 week high of $35.16. The firm has a 50 day moving average of $30.50 and a two-hundred day moving average of $31.52.

ENGIE Company Profile

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.