Eiffage SA (OTCMKTS:EFGSY) Short Interest Up 539.6% in August

Eiffage SA (OTCMKTS:EFGSY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 4,573 shares, a growth of 539.6% from the August 15th total of 715 shares. Based on an average trading volume of 5,599 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EFGSY shares. Morgan Stanley restated an “overweight” rating on shares of Eiffage in a report on Friday, July 10th. Zacks Research cut Eiffage from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group downgraded Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Eiffage presently has an average rating of “Hold”.

Eiffage Stock Down 2.9%

OTCMKTS:EFGSY opened at $24.75 on Friday. Eiffage has a twelve month low of $24.16 and a twelve month high of $35.58. The business has a 50 day moving average price of $27.46 and a two-hundred day moving average price of $29.90.

Eiffage Company Profile

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.