Technip Energies (OTCMKTS:THNPY) Short Interest Update

Technip Energies (OTCMKTS:THNPY) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 499,993 shares, an increase of 20.9% from the March 15th total of 413,691 shares. Based on an average daily trading volume, of 49,662 shares, the short-interest ratio is presently 10.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Technip Energies to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Technip Energies Price Performance

OTCMKTS:THNPY opened at $46.17 on Friday. Technip Energies has a twelve month low of $32.61 and a twelve month high of $49.18. The company’s 50 day moving average is $41.04 and its two-hundred day moving average is $40.48.

About Technip Energies

Technip Energies N.V. is a global engineering and technology company formed in 2021 through the spin-off of the engineering and construction arm of TechnipFMC. Headquartered in Paris, France, the company specializes in delivering large-scale projects for the energy sector, with a particular emphasis on the transition to low-carbon solutions. Technip Energies combines deep technical expertise with integrated project management to support clients across the hydrocarbon value chain and emerging energy markets.

The company’s core offerings include front-end engineering design (FEED), detailed engineering, procurement and construction (EPC), and project management.