ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Sees Large Increase in Short Interest

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 102,232 shares, a growth of 1,541.0% from the August 31st total of 6,230 shares. Based on an average daily trading volume, of 587,595 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms have weighed in on ENGIY. Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

ENGIE Stock Down 0.7%

ENGIY stock traded down $0.18 during trading on Thursday, hitting $26.64. The stock had a trading volume of 380,984 shares, compared to its average volume of 210,464. The company’s 50 day moving average price is $29.23 and its two-hundred day moving average price is $30.96. ENGIE has a 1-year low of $21.19 and a 1-year high of $35.16. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06.

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.