Technip Energies (OTCMKTS:THNPF) Short Interest Update

Technip Energies (OTCMKTS:THNPF) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 419,868 shares, a drop of 33.7% from the March 15th total of 633,005 shares. Based on an average daily volume of 1,197 shares, the short-interest ratio is currently 350.8 days.

Technip Energies Stock Performance

Shares of THNPF opened at $43.02 on Tuesday. Technip Energies has a one year low of $29.60 and a one year high of $49.00. The firm has a 50 day simple moving average of $40.05 and a two-hundred day simple moving average of $41.00.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on shares of Technip Energies in a research report on Tuesday, February 10th. They set a “neutral” rating for the company. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Technip Energies

Technip Energies is a global engineering and technology company specializing in the energy sector. Established as an independent entity in January 2021 through the spin-off of TechnipFMC’s engineering and construction activities, the company builds on a legacy that dates back to Technip’s founding in 1958. Headquartered in Paris, France, Technip Energies provides a broad range of services to oil and gas, liquefied natural gas (LNG) and low-carbon energy clients worldwide.

The company’s core offerings include engineering, procurement and construction (EPC) services as well as proprietary technology licensing.