ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Down 66.8% in July

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 31,951 shares, a decline of 66.8% from the July 15th total of 96,148 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 746,715 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

ENGIY has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, ENGIE has an average rating of “Moderate Buy”.

ENGIE Trading Down 1.0%

OTCMKTS:ENGIY opened at $29.80 on Friday. The business’s fifty day moving average price is $30.90 and its 200 day moving average price is $31.56. ENGIE has a 12 month low of $20.18 and a 12 month high of $35.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03.

ENGIE Company Profile

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.