American Noble Gas Inc. (NYSE:INFY) Sees Large Increase in Short Interest

American Noble Gas Inc. (NYSE:INFY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 165,120,000 shares, agrowthof26.1% from the July 15th total of 130,960,000 shares. Based on an average daily trading volume, of 13,060,000 shares, the short-interest ratio is presently 12.6 days. Approximately4.0% of the company’s shares are short sold. Approximately4.0% of the company’s shares are short sold. Based on an average daily trading volume, of 13,060,000 shares, the short-interest ratio is presently 12.6 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Susquehanna lifted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of American Noble Gas from a “hold” rating to a “buy” rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.48.

American Noble Gas Stock Performance

INFY opened at $17.3190 on Friday. The company has a 50-day moving average of $17.67 and a 200-day moving average of $18.32. The company has a market capitalization of $71.76 billion, a P/E ratio of 22.49, a PEG ratio of 2.44 and a beta of 0.87. American Noble Gas has a 1-year low of $15.82 and a 1-year high of $23.63.

American Noble Gas (NYSE:INFY) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same quarter in the previous year, the firm earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Noble Gas

Institutional investors have recently modified their holdings of the business. Fullerton Fund Management Co Ltd. bought a new stake in shares of American Noble Gas during the 4th quarter valued at about $4,465,000. Handelsbanken Fonder AB grew its position in American Noble Gas by 46.2% in the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company’s stock worth $2,402,000 after purchasing an additional 41,592 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in American Noble Gas by 224.5% in the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company’s stock worth $1,344,000 after purchasing an additional 53,628 shares during the last quarter. Principal Financial Group Inc. grew its position in American Noble Gas by 272.8% in the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company’s stock worth $2,782,000 after purchasing an additional 111,553 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in American Noble Gas by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company’s stock worth $502,000 after purchasing an additional 1,197 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.