Short Interest in AGL Energy Limited (OTCMKTS:AGLXY) Declines By 48.7%

AGL Energy Limited (OTCMKTS:AGLXY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,078 shares, a decline of 48.7% from the May 14th total of 4,054 shares. Based on an average daily trading volume, of 1,129 shares, the short-interest ratio is presently 1.8 days.

AGL Energy Stock Performance

Shares of OTCMKTS AGLXY opened at $5.96 on Friday. AGL Energy has a twelve month low of $5.21 and a twelve month high of $7.57. The stock’s 50 day moving average price is $6.69 and its 200-day moving average price is $6.54.

AGL Energy Company Profile

AGL Energy is one of Australia’s leading integrated energy companies, engaged in the generation, distribution and retailing of electricity and gas to residential, commercial and industrial customers. The company operates a diversified portfolio of power generation assets, including coal-fired and gas-fired stations as well as a growing suite of renewable energy projects, such as wind and solar farms. In addition to traditional energy supply, AGL provides energy management services, rooftop solar installations and battery storage solutions aimed at helping customers manage usage and reduce costs.

Founded in 1837 as the Australian Gas Light Company—the first gas undertaking in Sydney—AGL has evolved over nearly two centuries into a diversified energy business.