Short Interest in Eiffage SA (OTCMKTS:EFGSY) Rises By 539.6%

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,573 shares, a growth of 539.6% from the August 15th total of 715 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,599 shares, the days-to-cover ratio is presently 0.8 days.

Eiffage Trading Up 2.8%

OTCMKTS EFGSY traded up $0.68 on Friday, reaching $25.43. The company had a trading volume of 5,396 shares, compared to its average volume of 4,121. The stock’s 50 day moving average is $27.37 and its 200-day moving average is $29.87. Eiffage has a 52 week low of $24.16 and a 52 week high of $35.58.

Analyst Ratings Changes

EFGSY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a research note on Friday, July 10th. Zacks Research downgraded shares of Eiffage from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. Finally, The Goldman Sachs Group lowered shares of Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Eiffage currently has an average rating of “Hold”.

Eiffage Company Profile

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.