AGL Energy Limited (OTCMKTS:AGLNF) Short Interest Up 42.0% in December

AGL Energy Limited (OTCMKTS:AGLNF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 905,242 shares, an increase of 42.0% from the November 30th total of 637,537 shares. Based on an average trading volume of 2,194 shares, the days-to-cover ratio is currently 412.6 days. Based on an average trading volume of 2,194 shares, the days-to-cover ratio is currently 412.6 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded AGL Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

AGL Energy Price Performance

AGLNF opened at $6.10 on Monday. The firm’s fifty day simple moving average is $6.10 and its two-hundred day simple moving average is $6.12. AGL Energy has a 52-week low of $5.45 and a 52-week high of $6.85.

About AGL Energy

AGL Energy, originally founded in 1837 as the Australian Gas Light Company, is one of Australia’s longest-standing energy enterprises. Today, the company operates as an integrated energy provider, offering electricity and natural gas to residential, commercial and industrial customers across New South Wales, Victoria, South Australia, Queensland and the Australian Capital Territory.

Alongside its retail supply business, AGL manages a diverse portfolio of electricity generation assets. Historically, this has included coal-fired power stations such as Loy Yang and Bayswater, complemented by a growing array of wind, solar and hydroelectric projects.