Transportadora De Gas Sa Ord B (NYSE:TGS) Short Interest Up 31.4% in August

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 growth in short interest during the month of August. As of August 31st, there was short interest totaling 834,200 shares, a growth of 31.4% from the August 15th total of 635,000 shares. Based on an average daily volume of 435,700 shares, the short-interest ratio is currently 1.9 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 435,700 shares, the short-interest ratio is currently 1.9 days.

Transportadora De Gas Sa Ord B Trading Up 2.4%

TGS traded up $0.48 during trading on Friday, reaching $20.60. 1,333,969 shares of the company's stock were exchanged, compared to its average volume of 707,575. The stock has a market capitalization of $3.10 billion, a PE ratio of 9.81 and a beta of 0.82. The firm has a fifty day moving average price of $26.34 and a two-hundred day moving average price of $26.85. Transportadora De Gas Sa Ord B has a one year low of $18.15 and a one year high of $34.37. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23.

Transportadora De Gas Sa Ord B Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were given a dividend of $0.9279 per share. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is currently 44.29%.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in shares of Transportadora De Gas Sa Ord B during the 4th quarter worth $76,000. GAMMA Investing LLC lifted its position in Transportadora De Gas Sa Ord B by 13.7% during the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after buying an additional 432 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of Transportadora De Gas Sa Ord B by 55.2% during the 1st quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock valued at $303,000 after buying an additional 4,071 shares during the period. NewEdge Advisors LLC grew its stake in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Transportadora De Gas Sa Ord B by 339.0% in the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock worth $427,000 after purchasing an additional 11,263 shares during the last quarter. Hedge funds and other institutional investors own 3.29% of the company's stock.

Analyst Upgrades and Downgrades

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

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.