Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Update

Stingray Group Inc. (OTCMKTS:STGYF – Get Rating) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 34,900 shares, a decrease of 23.0% from the February 13th total of 45,300 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 116.3 days.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STGYF. Royal Bank of Canada increased their target price on Stingray Group from C$7.00 to C$8.00 in a research note on Thursday, February 9th. BMO Capital Markets increased their target price on Stingray Group from C$6.50 to C$8.00 in a research note on Thursday, February 9th.

Stingray Group Price Performance

OTCMKTS STGYF opened at C$4.34 on Tuesday. The business has a 50 day simple moving average of C$3.65 and a 200 day simple moving average of C$3.78. Stingray Group has a 52-week low of C$3.18 and a 52-week high of C$5.88.

Stingray Group Company Profile

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Eguana Technologies, Inc engages in the design and manufacture of residential and small commercial energy storage systems. It offers power electronics for fuel cell, photovoltaic, and battery applications in Europe and North America. The company was founded by Michael A. Carten, David Anthony Carten, Jon Dogterom, and Brent Harris on November 4, 1996 and is headquartered in Calgary, Canada.