Short Interest in ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Drops By 92.4%

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,230 shares, a drop of 92.4% from the August 15th total of 82,022 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 444,606 shares, the days-to-cover ratio is currently 0.0 days.

ENGIE Trading Up 0.7%

OTCMKTS:ENGIY traded up $0.20 during mid-day trading on Thursday, hitting $28.10. The company had a trading volume of 218,806 shares, compared to its average volume of 202,456. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. ENGIE has a fifty-two week low of $20.94 and a fifty-two week high of $35.16. The business’s fifty day moving average is $29.98 and its two-hundred day moving average is $31.31.

Analysts Set New Price Targets

ENGIY has been the subject of a number of recent research reports. Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, ENGIE currently has an average rating of “Moderate Buy”.

About ENGIE

ENGIE SA is a France-based energy company that develops, operates and manages energy infrastructure and provides related services. Its activities include renewable power generation, electricity and natural gas networks, energy supply, and energy-efficiency solutions for commercial, industrial and public-sector customers.

The company’s renewable energy portfolio includes wind, solar, hydroelectric and other low-carbon generation assets. ENGIE also provides district heating and cooling, energy management, building efficiency and decarbonization services, while continuing to operate and supply gas and electricity in selected markets.

ENGIE traces its history to Gaz de France and Suez, which merged in 2008 to form GDF Suez.