ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Sees Large Growth in Short Interest

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 96,148 shares, a growth of 891.7% from the June 30th total of 9,695 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 284,919 shares, the short-interest ratio is currently 0.3 days.

ENGIE Trading Up 0.8%

Shares of ENGIY stock traded up $0.26 during mid-day trading on Friday, reaching $31.90. The stock had a trading volume of 1,813,397 shares, compared to its average volume of 147,625. The stock’s 50-day moving average price is $31.17 and its two-hundred day moving average price is $31.27. 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.

Wall Street Analysts Forecast Growth

ENGIY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Barclays reissued an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. Zacks Research lowered ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Finally, Sanford C. Bernstein downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.