ENGIE - Sponsored ADR (OTCMKTS:ENGIY) Sees Significant Increase in Short Interest

Key Points

• ENGIE - Sponsored ADR experienced a dramatic 3,071.4% increase in short interest in September, rising from 4,200 shares to 133,200 shares.
• Zacks Research has downgraded ENGIE from a "strong-buy" to a "hold" rating, although the average rating remains at "Buy".
• ENGIE's stock price increased by 2.5% on Thursday, reaching $23.10, with a trading volume of 109,957 shares.

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 133,200 shares, a growth of 3,071.4% from the September 15th total of 4,200 shares. Based on an average trading volume of 345,600 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 345,600 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of ENGIE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

ENGIE Stock Up 2.5%

ENGIY traded up $0.56 on Thursday, hitting $23.10. The company had a trading volume of 109,957 shares, compared to its average volume of 236,313. The company's fifty day moving average price is $21.47 and its 200 day moving average price is $21.61. ENGIE has a 1-year low of $15.10 and a 1-year high of $23.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.