Short Interest in Anaergia Inc. (OTCMKTS:ANRGF) Grows By 65.9%

Anaergia Inc. (OTCMKTS:ANRGFGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 85,600 shares, an increase of 65.9% from the April 30th total of 51,600 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 15.9 days.

Shares of ANRGF stock opened at $5.59 on Friday. The firm’s 50 day moving average is $7.96 and its 200 day moving average is $11.55. Anaergia has a 12 month low of $4.58 and a 12 month high of $20.11.

ANRGF has been the topic of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of Anaergia from C$25.00 to C$19.00 in a research note on Friday, May 13th. National Bank Financial dropped their target price on shares of Anaergia from C$17.00 to C$14.00 in a research note on Tuesday, May 10th. Scotiabank dropped their target price on shares of Anaergia from C$19.00 to C$18.00 in a research note on Wednesday, April 20th. TD Securities initiated coverage on shares of Anaergia in a research note on Wednesday, April 20th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Anaergia in a research note on Monday, March 7th. They issued a “buy” rating on the stock.

Anaergia Company Profile (Get Rating)

Anaergia Inc, together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources. The company offers anaerobic digestion technologies for the production of clean energy, fertilizers, and recycled water from waste streams. It offers wastewater resource recovery, municipal solid waste, and agri-food solutions.

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