ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Up 891.7% in July

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 96,148 shares, an increase of 891.7% from the June 30th total of 9,695 shares. Based on an average trading volume of 284,919 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ENGIY. Sanford C. Bernstein downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Zacks Research lowered ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Citigroup restated a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ENGIE Stock Up 0.8%

Shares of OTCMKTS ENGIY opened at $31.90 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. ENGIE has a 1 year low of $20.18 and a 1 year high of $35.16. The business has a 50-day moving average of $31.17 and a two-hundred day moving average of $31.27.

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.