Transportadora de Gas del Sur S.A. (NYSE:TGS) Sees Large Decrease in Short Interest

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 182,800 shares, a decrease of 43.5% from the March 15th total of 323,500 shares. Based on an average daily trading volume, of 339,400 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Transportadora de Gas del Sur Price Performance

Shares of NYSE TGS traded down $1.47 during midday trading on Monday, reaching $25.93. The stock had a trading volume of 238,112 shares, compared to its average volume of 248,655. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 24.01 and a beta of 0.62. Transportadora de Gas del Sur has a 12-month low of $14.16 and a 12-month high of $34.37. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $26.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a "buy" rating and a $35.00 price objective for the company. StockNews.com raised Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth about $76,000. GAMMA Investing LLC grew its holdings in Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock valued at $92,000 after buying an additional 1,710 shares in the last quarter. Blue Trust Inc. raised its position in shares of Transportadora de Gas del Sur by 24.4% during the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company's stock valued at $154,000 after buying an additional 1,036 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Transportadora de Gas del Sur in the third quarter worth $190,000. Finally, Insigneo Advisory Services LLC bought a new position in shares of Transportadora de Gas del Sur during the fourth quarter worth $216,000. 3.29% of the stock is owned by institutional investors.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.