Technip Energies (OTCMKTS:THNPF – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 176,306 shares, a decrease of 56.6% from the April 30th total of 406,030 shares. Based on an average daily volume of 225 shares, the short-interest ratio is currently 783.6 days.
Technip Energies Price Performance
Shares of THNPF stock remained flat at $40.96 on Friday. Technip Energies has a 1 year low of $36.38 and a 1 year high of $49.00. The business has a 50-day moving average of $42.67 and a 200 day moving average of $40.68.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on THNPF shares. Citigroup reaffirmed a “neutral” rating on shares of Technip Energies in a report on Monday, April 20th. Barclays upgraded shares of Technip Energies to an “overweight” rating in a research report on Monday, April 20th. The Goldman Sachs Group downgraded shares of Technip Energies to a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Technip Energies in a research report on Friday, May 1st. Finally, UBS Group began coverage on shares of Technip Energies in a research note on Tuesday, February 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.
About Technip Energies
Technip Energies is a global engineering and technology company specializing in the energy sector. Established as an independent entity in January 2021 through the spin-off of TechnipFMC’s engineering and construction activities, the company builds on a legacy that dates back to Technip’s founding in 1958. Headquartered in Paris, France, Technip Energies provides a broad range of services to oil and gas, liquefied natural gas (LNG) and low-carbon energy clients worldwide.
The company’s core offerings include engineering, procurement and construction (EPC) services as well as proprietary technology licensing.
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