AltaGas Ltd. (OTCMKTS:ATGFF) Short Interest Update

AltaGas Ltd. (OTCMKTS:ATGFF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,971,000 shares, a growth of 11.0% from the August 15th total of 4,478,800 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 345.2 days.

Wall Street Analyst Weigh In

A number of research firms have commented on ATGFF. National Bank Financial increased their price target on AltaGas from C$32.00 to C$33.00 in a research note on Tuesday, September 5th. Royal Bank of Canada increased their price target on AltaGas from C$31.00 to C$32.00 in a research note on Tuesday, September 5th. BMO Capital Markets increased their price target on AltaGas from C$35.00 to C$36.00 in a research note on Monday, July 31st. Finally, TD Securities decreased their price target on AltaGas from C$34.00 to C$32.00 in a research note on Monday, July 31st.

AltaGas Price Performance

Shares of ATGFF opened at $19.85 on Monday. AltaGas has a 12 month low of $15.45 and a 12 month high of $21.69. The stock’s 50 day moving average is $19.20 and its two-hundred day moving average is $17.96.

About AltaGas

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.