Short Interest in ENGlobal Co. (NASDAQ:ENG) Expands By 63.0%

ENGlobal Co. (NASDAQ:ENG) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 4,400 shares, an increase of 63.0% from the September 30th total of 2,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 16,700 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of ENGlobal in a research note on Monday, October 21st. They issued a “sell” rating on the stock.

ENGlobal Trading Up 8.7 %

Shares of ENG stock opened at $1.43 on Friday. ENGlobal has a twelve month low of $1.01 and a twelve month high of $2.80. The stock has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.50.

ENGlobal (NASDAQ:ENG) last posted its earnings results on Thursday, August 8th. The construction company reported ($0.23) earnings per share (EPS) for the quarter. ENGlobal had a negative net margin of 24.63% and a negative return on equity of 9,826.93%. The company had revenue of $6.14 million during the quarter.

ENGlobal Company Profile

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates in two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services and fabrication relating to the development, management, and execution of projects requiring professional engineering and related project management services.