Short Interest in Eiffage SA (OTCMKTS:EFGSY) Expands By 314.9%

Eiffage SA (OTCMKTS:EFGSY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 6,917 shares, an increase of 314.9% from the June 30th total of 1,667 shares. Based on an average daily volume of 5,397 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are short sold.

Eiffage Price Performance

Shares of EFGSY opened at $27.70 on Friday. The company has a market cap of $13.58 billion and a P/E ratio of 56.03. Eiffage has a 12 month low of $23.65 and a 12 month high of $35.58. The stock has a fifty day moving average price of $28.91 and a 200 day moving average price of $30.68.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EFGSY shares. Morgan Stanley reissued an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. Zacks Research raised shares of Eiffage from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group lowered shares of Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.