Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Down 48.3% in May

Stingray Group Inc. (OTCMKTS:STGYF – Get Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,500 shares, a decline of 48.3% from the April 30th total of 2,900 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Stingray Group Price Performance

Shares of STGYF stock remained flat at C$4.27 during trading hours on Friday. Stingray Group has a 52-week low of C$3.18 and a 52-week high of C$5.05. The company has a 50 day moving average price of C$4.30 and a 200-day moving average price of C$3.87.

Analysts Set New Price Targets

A number of brokerages have issued reports on STGYF. Royal Bank of Canada lifted their price target on shares of Stingray Group from C$7.00 to C$8.00 in a report on Thursday, February 9th. BMO Capital Markets boosted their target price on shares of Stingray Group from C$6.50 to C$8.00 in a report on Thursday, February 9th.

About Stingray Group

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Eguana Technologies, Inc engages in the design and manufacture of residential and small commercial energy storage systems. It offers power electronics for fuel cell, photovoltaic, and battery applications in Europe and North America. The company was founded by Michael A. Carten, David Anthony Carten, Jon Dogterom, and Brent Harris on November 4, 1996 and is headquartered in Calgary, Canada.