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

AGL Energy Limited (OTCMKTS:AGLXYGet Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,699 shares, an increase of 613.9% from the April 15th total of 238 shares. Based on an average daily trading volume, of 584 shares, the days-to-cover ratio is presently 2.9 days.

AGL Energy Stock Up 6.2%

Shares of AGLXY stock opened at $7.01 on Thursday. The company has a 50-day moving average of $6.87 and a two-hundred day moving average of $6.48. AGL Energy has a 1-year low of $5.21 and a 1-year high of $7.57.

About AGL Energy

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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.

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