AGL Energy Limited (OTCMKTS:AGLNF) Short Interest Update

AGL Energy Limited (OTCMKTS:AGLNF) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 1,116,298 shares, an increase of 24.3% from the February 12th total of 898,263 shares. Based on an average trading volume of 677 shares, the short-interest ratio is presently 1,648.9 days. Based on an average trading volume of 677 shares, the short-interest ratio is presently 1,648.9 days.

AGL Energy Price Performance

Shares of AGLNF stock opened at $6.61 on Monday. AGL Energy has a twelve month low of $5.45 and a twelve month high of $7.17. The company’s 50-day moving average price is $6.44 and its 200-day moving average price is $6.14.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised 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, Based on data from MarketBeat, AGL Energy presently has an average rating of “Buy”.

AGL Energy Company Profile

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.