Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Up 123.1% in April

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 407,900 shares, an increase of 123.1% from the March 31st total of 182,800 shares. Approximately 0.6% of the company's stock are sold short. Based on an average trading volume of 324,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently added to or reduced their stakes in TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Transportadora de Gas del Sur by 67.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock valued at $42,574,000 after buying an additional 583,991 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Transportadora de Gas del Sur in the 4th quarter worth $9,812,000. William Blair Investment Management LLC bought a new position in Transportadora de Gas del Sur during the fourth quarter valued at approximately $5,246,000. Brevan Howard Capital Management LP purchased a new position in Transportadora de Gas del Sur during the 4th quarter valued at approximately $4,813,000. Finally, Seldon Capital LP purchased a new position in Transportadora de Gas del Sur during the 4th quarter valued at approximately $3,771,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Transportadora de Gas del Sur Stock Performance

TGS traded down $0.05 during mid-day trading on Thursday, reaching $25.38. 252,733 shares of the company traded hands, compared to its average volume of 247,794. The stock has a market capitalization of $3.82 billion, a P/E ratio of 23.50 and a beta of 0.62. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The company's fifty day moving average price is $25.81 and its 200-day moving average price is $26.85. Transportadora de Gas del Sur has a 52-week low of $14.16 and a 52-week high of $34.37.

Wall Street Analyst Weigh In

TGS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 19th. Citigroup initiated coverage on shares of Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a "buy" rating and a $35.00 price objective for the company.

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.