Short Interest in ENGlobal Co. (NASDAQ:ENG) Grows By 309.5%

ENGlobal Co. (NASDAQ:ENG) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 8,600 shares, a growth of 309.5% from the August 15th total of 2,100 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

ENGlobal Stock Up 2.5 %

Shares of NASDAQ ENG traded up $0.03 during midday trading on Thursday, hitting $1.21. The stock had a trading volume of 2,858 shares, compared to its average volume of 17,793. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.86. The company’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.61.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of ENGlobal in a report on Wednesday. They issued a “sell” rating on the stock.

About ENGlobal

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.