ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Sees Large Growth in Short Interest

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 82,022 shares, a growth of 156.7% from the July 30th total of 31,951 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 281,389 shares, the short-interest ratio is currently 0.3 days.

ENGIE Stock Performance

OTCMKTS ENGIY opened at $28.08 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. The stock’s fifty day moving average is $30.55 and its two-hundred day moving average is $31.54. ENGIE has a fifty-two week low of $20.18 and a fifty-two week high of $35.16.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Barclays reiterated an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ENGIE currently has an average rating of “Moderate Buy”.

About ENGIE

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.