AGL Energy Limited (OTCMKTS:AGLNF) Short Interest Up 42.0% in December

AGL Energy Limited (OTCMKTS:AGLNF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 905,242 shares, an increase of 42.0% from the November 30th total of 637,537 shares. Based on an average daily trading volume, of 2,194 shares, the days-to-cover ratio is currently 412.6 days. Based on an average daily trading volume, of 2,194 shares, the days-to-cover ratio is currently 412.6 days.

AGL Energy Stock Performance

Shares of AGLNF stock opened at $6.10 on Monday. AGL Energy has a twelve month low of $5.45 and a twelve month high of $6.85. The stock has a 50 day moving average of $6.10 and a 200 day moving average of $6.12.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of AGL Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

About AGL Energy

AGL Energy, originally founded in 1837 as the Australian Gas Light Company, is one of Australia’s longest-standing energy enterprises. Today, the company operates as an integrated energy provider, offering electricity and natural gas to residential, commercial and industrial customers across New South Wales, Victoria, South Australia, Queensland and the Australian Capital Territory.

Alongside its retail supply business, AGL manages a diverse portfolio of electricity generation assets. Historically, this has included coal-fired power stations such as Loy Yang and Bayswater, complemented by a growing array of wind, solar and hydroelectric projects.