AGL Energy Limited (OTCMKTS:AGLNF) Sees Significant Growth in Short Interest

AGL Energy Limited (OTCMKTS:AGLNF – Get Rating) was the recipient of a large growth in short interest in December. As of December 30th, there was short interest totalling 520,200 shares, a growth of 45.7% from the December 15th total of 357,100 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 2,601.0 days.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group raised shares of AGL Energy from a “neutral” rating to an “outperform” rating in a research report on Friday, September 30th.

AGL Energy Price Performance

AGLNF opened at $5.37 on Thursday. The company’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $5.22. AGL Energy has a 1 year low of $4.06 and a 1 year high of $6.39.

About AGL Energy

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AGL Energy Limited supplies energy and other services to residential, small and large businesses, and wholesale customers in Australia. It operates through three segments: Customer Markets, Integrated Energy, and Investments. The company engages in generating electricity through coal and gas-fired generation, thermal, hydro, wind, batteries, and solar power plants; gas storage activities; and the retail sale of electricity, gas, broadband/mobile/voice, solar, and energy efficiency products and services.