American Noble Gas Inc. (NYSE:INFY) Short Interest Update

American Noble Gas Inc. (NYSE:INFY) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 152,911,096 shares, a growth of 26.2% from the February 12th total of 121,181,609 shares. Based on an average trading volume of 20,619,212 shares, the days-to-cover ratio is presently 7.4 days. Approximately 4.9% of the company’s shares are sold short. Approximately 4.9% of the company’s shares are sold short. Based on an average trading volume of 20,619,212 shares, the days-to-cover ratio is presently 7.4 days.

American Noble Gas Stock Performance

INFY stock traded down $0.01 during mid-day trading on Monday, hitting $13.27. 22,522,924 shares of the company were exchanged, compared to its average volume of 16,581,526. The firm has a market cap of $53.67 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.98 and a beta of 1.01. The firm’s 50 day simple moving average is $16.18 and its 200 day simple moving average is $16.86. American Noble Gas has a 1-year low of $13.15 and a 1-year high of $30.00.

American Noble Gas (NYSE:INFY) last released its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. American Noble Gas had a net margin of 16.16% and a return on equity of 30.60%. The company had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.11 billion. On average, equities research analysts predict that American Noble Gas will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of American Noble Gas by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 3,804 shares during the period. NewEdge Advisors LLC boosted its position in shares of American Noble Gas by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of American Noble Gas during the first quarter worth about $239,000. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on INFY. Jefferies Financial Group downgraded shares of American Noble Gas from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. BMO Capital Markets upped their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, January 15th. Stifel Nicolaus dropped their price objective on American Noble Gas from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Finally, TD Cowen lifted their target price on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.89.

American Noble Gas Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.