Engie SA (OTCMKTS:ENGIY) Short Interest Up 146.7% in May

Engie SA (OTCMKTS:ENGIY) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 106,800 shares, an increase of 146.7% from the May 15th total of 43,300 shares. Based on an average daily volume of 545,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Engie Price Performance

OTCMKTS ENGIY traded up $0.25 on Friday, reaching $23.01. The company had a trading volume of 106,697 shares, compared to its average volume of 207,457. Engie has a 1 year low of $13.98 and a 1 year high of $23.17. The firm has a 50-day moving average of $21.07 and a 200-day moving average of $18.44. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 1.09.

Analysts Set New Price Targets

A number of research firms have weighed in on ENGIY. Morgan Stanley restated an “overweight” rating on shares of Engie in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Engie in a report on Monday, March 3rd. Finally, Barclays upgraded Engie from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

About Engie

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.