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

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 82,022 shares, a growth of 156.7% from the July 30th total of 31,951 shares. Based on an average daily volume of 281,389 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

ENGIY has been the subject of a number of analyst reports. Zacks Research lowered ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Finally, Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. One investment 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 stock. According to MarketBeat.com, ENGIE has an average rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIY opened at $28.26 on Friday. The stock’s 50-day moving average price is $30.50 and its 200 day moving average price is $31.52. ENGIE has a 12-month low of $20.18 and a 12-month high of $35.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03.

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.