Short Interest in Transportadora de Gas del Sur S.A. (NYSE:TGS) Decreases By 43.5%

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 182,800 shares, a decrease of 43.5% from the March 15th total of 323,500 shares. Based on an average daily trading volume, of 339,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research firms have recently commented on TGS. Citigroup started coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price objective on the stock. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Transportadora de Gas del Sur by 13.7% during the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company’s stock valued at $95,000 after buying an additional 432 shares during the period. Blue Trust Inc. increased its stake in shares of Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after acquiring an additional 1,036 shares in the last quarter. Ping Capital Management Inc. lifted its position in Transportadora de Gas del Sur by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock valued at $1,136,000 after acquiring an additional 1,800 shares during the period. Point72 Asset Management L.P. bought a new stake in Transportadora de Gas del Sur during the fourth quarter worth about $76,000. Finally, Insigneo Advisory Services LLC purchased a new stake in Transportadora de Gas del Sur in the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Price Performance

TGS opened at $26.98 on Thursday. The stock’s 50 day moving average price is $26.00 and its 200-day moving average price is $26.35. Transportadora de Gas del Sur has a 52-week low of $14.16 and a 52-week high of $34.37. The stock has a market capitalization of $4.06 billion, a PE ratio of 24.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.