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

Key Points

• The short interest in ENGIE - Sponsored ADR (OTCMKTS:ENIGY) declined by 56.4% in August, falling from 25,900 shares to 11,300 shares.
• Analysts have mixed opinions on ENGIE, with Zacks downgrading it from "strong-buy" to "hold", while Barclays upgraded it to "strong-buy", resulting in an average rating of "Moderate Buy."
• ENGIE's stock price has recently traded at $21.31, with a 12-month high of $23.70 and a low of $15.10.

ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 11,300 shares, a decline of 56.4% from the August 15th total of 25,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 278,500 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 278,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

ENGIE Price Performance

OTCMKTS:ENGIY traded down $0.01 during mid-day trading on Thursday, reaching $21.08. The stock had a trading volume of 129,502 shares, compared to its average volume of 176,688. The firm has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $21.22. ENGIE has a one year low of $15.10 and a one year high of $23.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.09.

Wall Street Analysts Forecast Growth

ENGIY has been the subject of several recent research reports. Zacks Research lowered ENGIE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Barclays raised ENGIE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average 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.