ENGIE - Sponsored ADR (OTCMKTS:ENGIY) Sees Large Decrease in Short Interest

Key Points

• ENGIE - Sponsored ADR (OTCMKTS:ENGIY) experienced a significant decrease in short interest, dropping by 33.1% from 38,700 to 25,900 shares in August.
• The company's current stock price is $20.69, with a 12-month range between $15.10 and $23.70, alongside an average daily trading volume of approximately 213,500 shares.
• ENGIE has mixed ratings from analysts, with one strong buy, three buys, and two holds, resulting in a consensus rating of "Moderate Buy."

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 25,900 shares, adeclineof33.1% from the July 31st total of 38,700 shares. Based on an average daily volume of 213,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 213,500 shares, the days-to-cover ratio is presently 0.1 days.

ENGIE Price Performance

ENGIY traded up $0.07 on Friday, hitting $20.69. 134,353 shares of the company were exchanged, compared to its average volume of 133,026. The firm has a fifty day simple moving average of $22.21 and a two-hundred day simple moving average of $21.03. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.02. ENGIE has a 12 month low of $15.10 and a 12 month high of $23.70.

Wall Street Analyst Weigh In

ENGIY has been the topic of a number of research analyst reports. Morgan Stanley restated an "overweight" rating on shares of ENGIE in a research note on Monday, May 19th. Zacks Research lowered ENGIE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Barclays upgraded ENGIE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.

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