Short Interest in AGL Energy Limited (OTCMKTS:AGLNF) Expands By 24.3%

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

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised AGL Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, AGL Energy has a consensus rating of “Buy”.

AGL Energy Stock Performance

AGLNF opened at $6.61 on Friday. The company has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $6.13. AGL Energy has a 1-year low of $5.45 and a 1-year high of $7.17.

About AGL Energy

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.