ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Down 56.2% in June

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 29,233 shares, a drop of 56.2% from the May 31st total of 66,748 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 280,342 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

ENGIY has been the topic of several recent analyst reports. Sanford C. Bernstein lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Kepler Capital Markets raised ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Zacks Research upgraded ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIY stock traded down $1.26 during mid-day trading on Wednesday, hitting $30.26. 49,798 shares of the company were exchanged, compared to its average volume of 181,426. ENGIE has a 1-year low of $20.18 and a 1-year high of $35.16. The business has a 50 day simple moving average of $31.76 and a 200-day simple moving average of $30.66. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06.

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.