Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Up 182.5% in April

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 663,700 shares, an increase of 182.5% from the March 31st total of 234,900 shares. Based on an average trading volume of 272,500 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of Transportadora de Gas del Sur

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Transportadora de Gas del Sur by 62.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company’s stock worth $5,378,000 after purchasing an additional 136,499 shares during the period. Blue Trust Inc. bought a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth about $41,000. FNY Investment Advisers LLC bought a new position in Transportadora de Gas del Sur during the fourth quarter valued at about $73,000. Quadrature Capital Ltd increased its position in shares of Transportadora de Gas del Sur by 95.1% during the third quarter. Quadrature Capital Ltd now owns 101,510 shares of the energy company’s stock valued at $1,032,000 after purchasing an additional 49,471 shares during the period. Finally, Channing Global Advisors LLC bought a new stake in shares of Transportadora de Gas del Sur during the fourth quarter valued at approximately $401,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Transportadora de Gas del Sur Stock Up 4.2 %

Shares of Transportadora de Gas del Sur stock traded up $0.68 during midday trading on Friday, hitting $16.81. The company’s stock had a trading volume of 130,371 shares, compared to its average volume of 333,732. The firm has a market capitalization of $2.53 billion, a P/E ratio of 60.04 and a beta of 0.71. The stock has a 50-day simple moving average of $14.76 and a 200-day simple moving average of $13.81. The company has a quick ratio of 3.49, a current ratio of 3.56 and a debt-to-equity ratio of 0.48. Transportadora de Gas del Sur has a 1-year low of $9.50 and a 1-year high of $19.95.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Monday, March 4th. The energy company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.40). Transportadora de Gas del Sur had a return on equity of 1.88% and a net margin of 4.16%. The business had revenue of $249.63 million during the quarter, compared to analyst estimates of $227.09 million. As a group, sell-side analysts expect that Transportadora de Gas del Sur will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TGS. TheStreet raised Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research report on Tuesday, January 2nd. StockNews.com cut Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 28th.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.