Eiffage SA (OTCMKTS:EFGSY) Sees Significant Decline in Short Interest

Eiffage SA (OTCMKTS:EFGSY) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 715 shares, a decline of 93.3% from the July 30th total of 10,651 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,833 shares, the days-to-cover ratio is presently 0.0 days.

Eiffage Stock Performance

OTCMKTS:EFGSY traded up $0.15 during trading hours on Tuesday, hitting $27.46. The company’s stock had a trading volume of 3,333 shares, compared to its average volume of 10,902. Eiffage has a twelve month low of $23.65 and a twelve month high of $35.58. The stock has a fifty day simple moving average of $28.60 and a 200-day simple moving average of $30.51.

Analysts Set New Price Targets

Several research firms recently issued reports on EFGSY. Zacks Research lowered shares of Eiffage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group downgraded shares of Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Eiffage Company Profile

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.