ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Down 66.8% in June

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,695 shares, a drop of 66.8% from the June 15th total of 29,233 shares. Based on an average trading volume of 274,070 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

ENGIE Price Performance

ENGIY opened at $30.87 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08. The company’s 50 day moving average is $31.39 and its 200-day moving average is $30.96. ENGIE has a 1-year low of $20.18 and a 1-year high of $35.16.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ENGIY shares. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Sanford C. Bernstein downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Barclays reiterated an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. Finally, Citigroup reissued a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

ENGIE Company Profile

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.