ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Sees Significant Drop in Short Interest

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 29,233 shares, a decline of 56.2% from the May 31st total of 66,748 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 280,342 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a report on Thursday, March 19th. Sanford C. Bernstein cut ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, ENGIE presently has a consensus rating of “Moderate Buy”.

ENGIE Price Performance

Shares of OTCMKTS ENGIY opened at $31.03 on Monday. The firm has a 50 day moving average of $31.84 and a 200 day moving average of $30.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08. ENGIE has a 12-month low of $20.18 and a 12-month high of $35.16.

ENGIE Company Profile

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.