AGL Energy Limited (OTCMKTS:AGLXY) Sees Significant Increase in Short Interest

AGL Energy Limited (OTCMKTS:AGLXYGet Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 4,054 shares, a growth of 138.6% from the April 30th total of 1,699 shares. Based on an average trading volume of 1,341 shares, the days-to-cover ratio is currently 3.0 days.

AGL Energy Price Performance

Shares of OTCMKTS:AGLXY opened at $6.28 on Monday. AGL Energy has a 52-week low of $5.21 and a 52-week high of $7.57. The company has a 50 day moving average of $6.81 and a two-hundred day moving average of $6.53.

About AGL Energy

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AGL Energy is one of Australia’s leading integrated energy companies, engaged in the generation, distribution and retailing of electricity and gas to residential, commercial and industrial customers. The company operates a diversified portfolio of power generation assets, including coal-fired and gas-fired stations as well as a growing suite of renewable energy projects, such as wind and solar farms. In addition to traditional energy supply, AGL provides energy management services, rooftop solar installations and battery storage solutions aimed at helping customers manage usage and reduce costs.

Founded in 1837 as the Australian Gas Light Company—the first gas undertaking in Sydney—AGL has evolved over nearly two centuries into a diversified energy business.

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