Eiffage SA (OTCMKTS:EFGSY) Sees Significant Decline in Short Interest

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 715 shares, a decrease of 93.3% from the July 30th total of 10,651 shares. Based on an average daily trading volume, of 19,833 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

EFGSY has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. The Goldman Sachs Group cut shares of Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. Finally, Zacks Research downgraded shares of Eiffage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Eiffage Stock Performance

Shares of OTCMKTS:EFGSY traded up $0.15 during trading on Tuesday, reaching $27.46. 3,333 shares of the company traded hands, compared to its average volume of 10,902. The company’s 50 day moving average is $28.60 and its two-hundred day moving average is $30.51. Eiffage has a 52 week low of $23.65 and a 52 week high of $35.58.

Eiffage Company Profile

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.