ENGlobal Co. (NASDAQ:ENG) Short Interest Up 469.2% in July

ENGlobal Co. (NASDAQ:ENG) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 7,400 shares, an increase of 469.2% from the July 15th total of 1,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 11,800 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on ENGlobal in a research note on Saturday. They issued a “sell” rating on the stock.

ENGlobal Stock Up 1.2 %

ENG stock traded up $0.02 during mid-day trading on Tuesday, reaching $1.53. 368 shares of the company traded hands, compared to its average volume of 18,559. The company has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.60. ENGlobal has a 52-week low of $1.01 and a 52-week high of $2.90.

About ENGlobal

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates in two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services and fabrication relating to the development, management, and execution of projects requiring professional engineering and related project management services.