Short Interest in Anaergia Inc. (OTCMKTS:ANRGF) Drops By 6.0%

Anaergia Inc. (OTCMKTS:ANRGF) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 182,200 shares, a decrease of 6.0% from the September 30th total of 193,900 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 14.0 days.

Anaergia Trading Up 9.6 %

Shares of ANRGF opened at $0.25 on Monday. Anaergia has a 12 month low of $0.22 and a 12 month high of $7.47. The stock’s 50 day moving average is $0.26 and its two-hundred day moving average is $0.67. The firm has a market cap of $6.98 million, a P/E ratio of -0.88 and a beta of 2.43.

Wall Street Analyst Weigh In

Several research firms have commented on ANRGF. Stifel Nicolaus lowered their price target on shares of Anaergia from C$4.00 to C$1.00 in a report on Tuesday, August 22nd. TD Securities began coverage on shares of Anaergia in a report on Friday, August 18th. They issued a “hold” rating on the stock. Finally, BMO Capital Markets lowered shares of Anaergia from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 16th.

About Anaergia

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.