AGL Energy Limited (OTCMKTS:AGLNF) Sees Large Increase in Short Interest

AGL Energy Limited (OTCMKTS:AGLNFGet Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 2,524,387 shares, a growth of 156.8% from the April 30th total of 983,155 shares. Based on an average trading volume of 6,077 shares, the days-to-cover ratio is presently 415.4 days.

AGL Energy Stock Performance

Shares of OTCMKTS:AGLNF opened at $6.00 on Friday. AGL Energy has a 12 month low of $5.45 and a 12 month high of $7.17. The company’s fifty day moving average price is $6.50 and its 200 day moving average price is $6.36.

About AGL Energy

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AGL Energy, originally founded in 1837 as the Australian Gas Light Company, is one of Australia’s longest-standing energy enterprises. Today, the company operates as an integrated energy provider, offering electricity and natural gas to residential, commercial and industrial customers across New South Wales, Victoria, South Australia, Queensland and the Australian Capital Territory.

Alongside its retail supply business, AGL manages a diverse portfolio of electricity generation assets. Historically, this has included coal-fired power stations such as Loy Yang and Bayswater, complemented by a growing array of wind, solar and hydroelectric projects.

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