Transportadora de Gas del Sur S.A. (NYSE:TGS) Sees Large Decline in Short Interest

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 323,500 shares, a decrease of 34.2% from the February 28th total of 491,900 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 333,300 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TGS. Citigroup assumed coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com raised shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

Transportadora de Gas del Sur Stock Down 2.6 %

NYSE TGS traded down $0.74 during trading on Friday, hitting $27.22. The stock had a trading volume of 165,458 shares, compared to its average volume of 250,321. Transportadora de Gas del Sur has a 12 month low of $14.16 and a 12 month high of $34.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company’s 50-day moving average price is $27.03 and its two-hundred day moving average price is $25.93. The company has a market capitalization of $4.10 billion, a PE ratio of 25.21 and a beta of 0.76.

Institutional Trading of Transportadora de Gas del Sur

A number of institutional investors have recently made changes to their positions in TGS. Centiva Capital LP acquired a new position in shares of Transportadora de Gas del Sur during the 3rd quarter worth about $251,000. Jane Street Group LLC bought a new stake in Transportadora de Gas del Sur in the third quarter valued at approximately $481,000. XTX Topco Ltd acquired a new stake in shares of Transportadora de Gas del Sur in the third quarter valued at approximately $349,000. TT International Asset Management LTD boosted its stake in shares of Transportadora de Gas del Sur by 17.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after acquiring an additional 188,268 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Transportadora de Gas del Sur during the 3rd quarter worth approximately $190,000. Institutional investors own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.