Engie SA (OTCMKTS:ENGIY) Short Interest Up 440.7% in October

Engie SA (OTCMKTS:ENGIY) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 176,800 shares, an increase of 440.7% from the October 15th total of 32,700 shares. Based on an average trading volume of 183,200 shares, the short-interest ratio is currently 1.0 days.

Engie Trading Down 0.4 %

Shares of ENGIY traded down $0.06 during trading hours on Thursday, hitting $16.10. The company had a trading volume of 227,456 shares, compared to its average volume of 191,523. The company’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $16.52. Engie has a one year low of $13.98 and a one year high of $18.15.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Engie in a research note on Wednesday, October 2nd. They issued a “hold” rating for the company. Sanford C. Bernstein began coverage on shares of Engie in a research report on Wednesday, October 2nd. They issued an “outperform” rating for the company. Finally, Bank of America upgraded Engie from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 2nd.

About Engie

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.