AGL Energy Limited (OTCMKTS:AGLXY – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,078 shares, a decline of 48.7% from the May 14th total of 4,054 shares. Based on an average daily volume of 1,129 shares, the days-to-cover ratio is presently 1.8 days.
AGL Energy Price Performance
Shares of AGL Energy stock opened at $6.26 on Tuesday. The company’s fifty day simple moving average is $6.67 and its two-hundred day simple moving average is $6.54. AGL Energy has a 12-month low of $5.21 and a 12-month high of $7.57.
About AGL Energy
AGL Energy is one of Australia’s leading integrated energy companies, engaged in the generation, distribution and retailing of electricity and gas to residential, commercial and industrial customers. The company operates a diversified portfolio of power generation assets, including coal-fired and gas-fired stations as well as a growing suite of renewable energy projects, such as wind and solar farms. In addition to traditional energy supply, AGL provides energy management services, rooftop solar installations and battery storage solutions aimed at helping customers manage usage and reduce costs.
Founded in 1837 as the Australian Gas Light Company—the first gas undertaking in Sydney—AGL has evolved over nearly two centuries into a diversified energy business.
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