Short Interest in ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Decreases By 66.8%

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 31,951 shares, a decrease of 66.8% from the July 15th total of 96,148 shares. Based on an average daily volume of 746,715 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ENGIY. Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

ENGIE Price Performance

OTCMKTS ENGIY opened at $29.80 on Friday. The firm’s 50 day moving average price is $30.90 and its two-hundred day moving average price is $31.56. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. ENGIE has a twelve month low of $20.18 and a twelve month high of $35.16.

About ENGIE

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.