Short Interest in ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Decreases By 62.9%

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 42,561 shares, a drop of 62.9% from the April 30th total of 114,641 shares. Based on an average daily volume of 248,104 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein cut ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. cut ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Citigroup restated a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Finally, Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ENGIE Trading Down 0.3%

ENGIY stock opened at $30.92 on Friday. ENGIE has a 52-week low of $20.18 and a 52-week high of $35.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. The business has a fifty day moving average of $32.51 and a two-hundred day moving average of $29.71.

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.