Engie SA (OTCMKTS:ENGIY) Sees Significant Increase in Short Interest

Engie SA (OTCMKTS:ENGIY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 77,900 shares, an increase of 127.1% from the September 15th total of 34,300 shares. Based on an average daily trading volume, of 171,800 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

ENGIY has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Engie in a report on Wednesday, October 2nd. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Engie in a report on Wednesday, October 2nd. They issued a “hold” rating for the company. Finally, Bank of America raised shares of Engie from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

Engie Stock Up 1.8 %

OTCMKTS ENGIY traded up $0.31 on Friday, hitting $17.35. 61,990 shares of the stock were exchanged, compared to its average volume of 201,138. The stock has a fifty day moving average price of $17.27 and a two-hundred day moving average price of $16.53. Engie has a 52-week low of $13.98 and a 52-week high of $18.15.

Engie Company Profile

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.