Transportadora De Gas Sa Ord B (NYSE:TGS) Sees Significant Growth in Short Interest

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) experienced a 31.4% increase in short interest in August, totaling 834,200 shares by August 31st.
• Wall Street Zen downgraded the stock from a "buy" rating to a "hold" rating, while the consensus rating remains a "Buy" with a price target of $40.00.
• The company recently announced a dividend of $0.9279 per share, with a payout ratio of 44.29% for its stockholders of record.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 834,200 shares, an increase of 31.4% from the August 15th total of 635,000 shares. Based on an average daily trading volume, of 435,700 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the company's stock are short sold. Currently, 1.2% of the company's stock are short sold. Based on an average daily trading volume, of 435,700 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Transportadora De Gas Sa Ord B has an average rating of "Buy" and a consensus price target of $40.00.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Transportadora De Gas Sa Ord B by 9.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company's stock valued at $42,154,000 after purchasing an additional 137,032 shares in the last quarter. TT International Asset Management LTD grew its stake in shares of Transportadora De Gas Sa Ord B by 3.1% in the 1st quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after buying an additional 37,083 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter worth approximately $25,900,000. Fourth Sail Capital LP boosted its stake in Transportadora De Gas Sa Ord B by 37.1% during the 2nd quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company's stock valued at $6,557,000 after purchasing an additional 68,465 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Transportadora De Gas Sa Ord B by 11.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company's stock valued at $4,723,000 after buying an additional 18,009 shares during the period. 3.29% of the stock is currently owned by institutional investors.

Transportadora De Gas Sa Ord B Stock Down 0.8%

NYSE:TGS traded down $0.17 on Friday, hitting $19.95. The stock had a trading volume of 325,658 shares, compared to its average volume of 375,904. Transportadora De Gas Sa Ord B has a 52 week low of $18.15 and a 52 week high of $34.37. The company has a quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23. The business's fifty day moving average is $26.42 and its 200 day moving average is $26.85. The company has a market cap of $3.00 billion, a PE ratio of 9.50 and a beta of 0.82.

Transportadora De Gas Sa Ord B Announces Dividend

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were issued a $0.9279 dividend. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is currently 43.81%.

About Transportadora De Gas Sa Ord B

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.