ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Sees Significant Decrease in Short Interest

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 141,833 shares, a decline of 17.7% from the November 30th total of 172,245 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 211,012 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 211,012 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

ENGIE Trading Down 0.2%

Shares of ENGIY opened at $26.27 on Friday. The business has a 50-day simple moving average of $25.10 and a two-hundred day simple moving average of $23.15. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. ENGIE has a 52 week low of $15.52 and a 52 week high of $26.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ENGIY shares. Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th. Citigroup restated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada started coverage on shares of ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

ENGIE Company Profile

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.