Short Interest in AGL Energy Limited (OTCMKTS:AGLNF) Grows By 238.4%

AGL Energy Limited (OTCMKTS:AGLNF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 789,100 shares, a growth of 238.4% from the August 15th total of 233,200 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 1,972.8 days. Based on an average daily volume of 400 shares, the short-interest ratio is presently 1,972.8 days.

Analysts Set New Price Targets

A number of research firms have recently commented on AGLNF. Royal Bank Of Canada cut AGL Energy from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group upgraded AGL Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AGL Energy presently has an average rating of “Moderate Buy”.

AGL Energy Price Performance

Shares of AGL Energy stock opened at $5.68 on Friday. AGL Energy has a twelve month low of $5.68 and a twelve month high of $7.70. The firm’s 50-day moving average price is $6.12 and its 200 day moving average price is $6.34.

About AGL Energy

AGL Energy Limited supplies energy and other essential services to residential, small and large businesses, and wholesale customers in Australia. It operates through three segments: Customer Markets, Integrated Energy, and Investments. The company engages in retailing of electricity, gas, broadband, mobile, voice, solar, and energy products and services; and operates power generation portfolio and other assets including coal, gas and renewable generation, natural gas storage and production, and development projects.