AGL Energy Limited (OTCMKTS:AGLNF) Short Interest Update

AGL Energy Limited (OTCMKTS:AGLNF) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,533,893 shares, a growth of 37.4% from the February 26th total of 1,116,298 shares. Based on an average daily volume of 6,028 shares, the short-interest ratio is presently 254.5 days.

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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

AGL Energy Price Performance

AGLNF stock opened at $6.61 on Friday. The business’s 50-day moving average is $6.52 and its two-hundred day moving average is $6.20. AGL Energy has a 1 year low of $5.45 and a 1 year high of $7.17.

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.