Short Interest in ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Decreases By 33.1%

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 25,900 shares, adropof33.1% from the July 31st total of 38,700 shares. Based on an average daily trading volume, of 213,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 213,500 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research lowered ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Barclays upgraded ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research note on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIE stock opened at $20.83 on Tuesday. The business’s 50-day simple moving average is $22.16 and its 200 day simple moving average is $21.09. ENGIE has a 12-month low of $15.10 and a 12-month high of $23.70. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04.

ENGIE Company Profile

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.