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

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 267,600 shares, a decrease of 28.1% from the April 30th total of 372,300 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily volume of 308,600 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $2,805,000. Jane Street Group LLC raised its holdings in Transportadora de Gas del Sur by 101.7% in the fourth quarter. Jane Street Group LLC now owns 52,921 shares of the energy company's stock valued at $1,549,000 after acquiring an additional 26,684 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Transportadora de Gas del Sur during the 4th quarter valued at $400,000. Balyasny Asset Management L.P. acquired a new position in Transportadora de Gas del Sur during the 4th quarter worth $9,812,000. Finally, Hood River Capital Management LLC bought a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth about $644,000. Institutional investors and hedge funds own 3.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on TGS shares. Santander raised Transportadora de Gas del Sur to an "outperform" rating in a research report on Wednesday, May 14th. Wall Street Zen downgraded Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup boosted their price target on Transportadora de Gas del Sur from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th.

Transportadora de Gas del Sur Stock Up 0.6%

TGS traded up $0.16 during trading hours on Tuesday, reaching $28.15. 118,158 shares of the stock traded hands, compared to its average volume of 253,314. Transportadora de Gas del Sur has a fifty-two week low of $14.16 and a fifty-two week high of $34.37. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 26.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. The firm's fifty day simple moving average is $27.20 and its two-hundred day simple moving average is $27.90.

Transportadora de Gas del Sur Company Profile

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.