Transportadora de Gas del Sur SA ADR (NYSE:TGS) Short Interest Update

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Transportadora de Gas del Sur SA ADR (NYSE:TGS) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,020,000 shares, a decrease of 24.4% from the September 30th total of 1,350,000 shares. Based on an average daily trading volume, of 564,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.3% of the company’s stock are short sold.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Transportadora de Gas del Sur from a “hold” rating to a “sell” rating in a research report on Thursday. Morgan Stanley downgraded Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 13th. TheStreet downgraded Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Finally, ValuEngine downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Transportadora de Gas del Sur presently has a consensus rating of “Hold” and a consensus target price of $9.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HM Payson & Co. purchased a new stake in shares of Transportadora de Gas del Sur in the second quarter worth approximately $36,000. Gulf International Bank UK Ltd acquired a new stake in shares of Transportadora de Gas del Sur during the second quarter worth about $43,000. Russell Investments Group Ltd. acquired a new stake in shares of Transportadora de Gas del Sur during the second quarter worth about $54,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Transportadora de Gas del Sur during the second quarter worth about $69,000. Finally, Aperio Group LLC acquired a new stake in shares of Transportadora de Gas del Sur during the second quarter worth about $98,000. Institutional investors and hedge funds own 10.59% of the company’s stock.

NYSE TGS traded down $0.32 during trading hours on Thursday, hitting $5.92. The company had a trading volume of 30,022 shares, compared to its average volume of 417,944. Transportadora de Gas del Sur has a 52 week low of $6.05 and a 52 week high of $17.00. The firm has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $11.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.62 and a current ratio of 2.72. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 3.14 and a beta of 0.86.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Friday, August 16th. The energy company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Transportadora de Gas del Sur had a return on equity of 40.37% and a net margin of 39.59%. The business had revenue of $230.99 million during the quarter. On average, research analysts forecast that Transportadora de Gas del Sur will post 0.77 earnings per share for the current year.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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