AltaGas Ltd. (OTCMKTS:ATGFF – Get Free Report) 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
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.
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