Short Interest in Engie SA (OTCMKTS:ENGIY) Rises By 146.7%

Engie SA (OTCMKTS:ENGIY - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 106,800 shares, a growth of 146.7% from the May 15th total of 43,300 shares. Based on an average trading volume of 545,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ENGIY. Morgan Stanley reissued an "overweight" rating on shares of Engie in a report on Monday, May 19th. Barclays raised Engie from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Engie in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Engie Stock Performance

OTCMKTS:ENGIY traded down $0.19 during trading hours on Monday, hitting $22.82. 221,539 shares of the stock were exchanged, compared to its average volume of 207,581. The company's 50 day moving average is $21.14 and its two-hundred day moving average is $18.50. Engie has a twelve month low of $14.11 and a twelve month high of $23.19. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 1.09.

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.