Short Interest in ENGIE - Sponsored ADR (OTCMKTS:ENGIY) Declines By 56.4%

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) was the recipient of a significant decline in short interest during 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. Based on an average daily volume of 278,500 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 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 currently 0.0 days.

Analysts Set New Price Targets

ENGIY has been the topic of several analyst reports. Zacks Research cut shares of ENGIE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Barclays upgraded ENGIE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of ENGIE in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

ENGIE Trading Up 0.2%

OTCMKTS ENGIY traded up $0.04 during trading on Friday, reaching $21.31. 527,034 shares of the company's stock traded hands, compared to its average volume of 141,229. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. ENGIE has a 12-month low of $15.10 and a 12-month high of $23.70. The company's 50 day simple moving average is $21.99 and its two-hundred day simple moving average is $21.14.

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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