Engie Sa (OTCMKTS:ENGIY) Sees Significant Growth in Short Interest

Engie Sa (OTCMKTS:ENGIY – Get Rating) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 132,100 shares, an increase of 916.2% from the March 31st total of 13,000 shares. Based on an average daily trading volume, of 606,300 shares, the short-interest ratio is currently 0.2 days.

Shares of ENGIY traded down $0.36 during midday trading on Wednesday, reaching $12.16. 251,684 shares of the stock were exchanged, compared to its average volume of 259,896. The business’s 50-day moving average price is $13.31 and its 200 day moving average price is $14.35. Engie has a twelve month low of $10.77 and a twelve month high of $16.78.

The company also recently announced a dividend, which will be paid on Wednesday, May 4th. Stockholders of record on Tuesday, April 26th will be given a dividend of $0.7631 per share. This represents a dividend yield of 9.96%. The ex-dividend date is Monday, April 25th.

Several research analysts have recently commented on ENGIY shares. The Goldman Sachs Group upgraded Engie from a “buy” rating to a “conviction-buy” rating in a research report on Monday, January 10th. Deutsche Bank Aktiengesellschaft upgraded Engie from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays raised their price target on Engie from €16.50 ($17.74) to €17.00 ($18.28) and gave the company an “overweight” rating in a research note on Wednesday, February 16th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.

About Engie (Get Rating)

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, and geothermal.

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