Eiffage SA (OTCMKTS:EFGSY) Sees Large Growth in Short Interest

Eiffage SA (OTCMKTS:EFGSY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,667 shares, a growth of 7,147.8% from the June 15th total of 23 shares. Based on an average trading volume of 3,726 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EFGSY shares. The Goldman Sachs Group downgraded shares of Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. Zacks Research raised shares of Eiffage from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Morgan Stanley restated an “overweight” rating on shares of Eiffage in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Eiffage presently has a consensus rating of “Buy”.

Eiffage Stock Performance

Shares of OTCMKTS:EFGSY traded up $0.68 during trading on Friday, reaching $28.24. 3,833 shares of the stock were exchanged, compared to its average volume of 2,337. Eiffage has a 12-month low of $23.65 and a 12-month high of $35.58. The firm has a market cap of $13.84 billion and a price-to-earnings ratio of 56.03. The firm’s 50-day moving average price is $29.90 and its 200 day moving average price is $30.73.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.