Eiffage SA (OTCMKTS:EFGSY) Shares Shorted: Short Interest Down 82.9% in October

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 8,620 shares, a decline of 82.9% from the October 15th total of 50,513 shares. Based on an average daily volume of 73,582 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Eiffage Trading Up 2.9%

Eiffage stock opened at $24.44 on Friday. The firm has a 50-day moving average of $23.60 and a 200-day moving average of $28.63. Eiffage has a 1-year low of $21.52 and a 1-year high of $35.58.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EFGSY. Morgan Stanley reissued an “overweight” rating on shares of Eiffage in a research note on Tuesday, September 22nd. Zacks Research downgraded shares of Eiffage from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Eiffage currently has an average rating of “Hold”.

Eiffage Company Profile

Eiffage is a France-based construction and concessions group whose activities span construction, infrastructure, energy systems and concessions. Its construction work includes building projects, civil engineering, roads and other transport infrastructure, as well as property development. Through its energy systems businesses, the company provides engineering, installation and maintenance services for electrical, climate-control and industrial systems. The group also develops and operates infrastructure under concession agreements, including motorways.