Short Interest in ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Grows By 891.7%

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 96,148 shares, an increase of 891.7% from the June 30th total of 9,695 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 284,919 shares, the days-to-cover ratio is presently 0.3 days.

ENGIE Stock Performance

Shares of ENGIY opened at $31.90 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08. The firm has a fifty day simple moving average of $31.17 and a 200 day simple moving average of $31.27. ENGIE has a 12 month low of $20.18 and a 12 month high of $35.16.

Wall Street Analysts Forecast Growth

ENGIY has been the subject of several analyst reports. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Zacks Research downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Citigroup reissued a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Finally, Sanford C. Bernstein downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average 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.