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

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 1,522 shares, a drop of 75.7% from the April 15th total of 6,258 shares. Based on an average trading volume of 4,640 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of Eiffage in a report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Eiffage Stock Performance

OTCMKTS:EFGSY remained flat at $32.08 during mid-day trading on Wednesday. 1,994 shares of the company’s stock traded hands, compared to its average volume of 1,883. Eiffage has a 52-week low of $23.65 and a 52-week high of $35.58. The business has a 50-day simple moving average of $32.16 and a 200 day simple moving average of $29.94.

About Eiffage

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.