Energys Group Ltd (NASDAQ:ENGS) Sees Large Decrease in Short Interest

Energys Group Ltd (NASDAQ:ENGS) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 334,141 shares, a drop of 45.4% from the August 31st total of 612,376 shares. Based on an average daily volume of 1,356,112 shares, the short-interest ratio is currently 0.2 days. Currently, 2.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

ENGS has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Energys Group in a research note on Tuesday, July 21st. Wall Street Zen raised Energys Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Energys Group Stock Performance

Energys Group stock traded up $0.03 during mid-day trading on Thursday, hitting $3.06. 2,091,810 shares of the company’s stock were exchanged, compared to its average volume of 706,341. The company’s 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.07. Energys Group has a fifty-two week low of $0.57 and a fifty-two week high of $12.48.

Energys Group (NASDAQ:ENGS) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $2.09 million during the quarter.

About Energys Group

We are an energy service company based in the United Kingdom with over 23 years of experience in deploying energy-saving technologies and services. We principally provide end-to-end customized solutions and services that involve retrofitting existing infrastructures to help public and private organizations reduce their CO2 emissions and save money. Our headquarters is located in the United Kingdom. We also have offices located in Hong Kong from which EGL(HK) conducts research and development and GAI and NVL engage in the procurement of lighting and other products, which are then sold to ECSL, our United Kingdom Operating Subsidiary.