ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Update

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 31,951 shares, a decrease of 66.8% from the July 15th total of 96,148 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 746,715 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

ENGIY has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Finally, Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

ENGIE Price Performance

ENGIE stock traded down $0.23 during trading hours on Friday, hitting $29.87. 129,857 shares of the company traded hands, compared to its average volume of 197,688. ENGIE has a 1-year low of $20.18 and a 1-year high of $35.16. The firm’s 50-day simple moving average is $30.93 and its two-hundred day simple moving average is $31.58. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

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.