ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Down 92.4% in August

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 6,230 shares, a decline of 92.4% from the August 15th total of 82,022 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 444,606 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ENGIE Trading Up 0.7%

ENGIE stock opened at $28.10 on Friday. The stock has a 50-day moving average price of $29.98 and a 200 day moving average price of $31.31. ENGIE has a 52 week low of $20.94 and a 52 week high of $35.16. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

About ENGIE

ENGIE SA is a France-based energy company that develops, operates and manages energy infrastructure and provides related services. Its activities include renewable power generation, electricity and natural gas networks, energy supply, and energy-efficiency solutions for commercial, industrial and public-sector customers.

The company’s renewable energy portfolio includes wind, solar, hydroelectric and other low-carbon generation assets. ENGIE also provides district heating and cooling, energy management, building efficiency and decarbonization services, while continuing to operate and supply gas and electricity in selected markets.

ENGIE traces its history to Gaz de France and Suez, which merged in 2008 to form GDF Suez.