Engie SA (OTCMKTS:ENGIY) Short Interest Down 63.8% in November

Engie SA (OTCMKTS:ENGIY) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 27,000 shares, a decline of 63.8% from the November 15th total of 74,600 shares. Based on an average trading volume of 301,600 shares, the short-interest ratio is presently 0.1 days.

Engie Price Performance

Shares of OTCMKTS ENGIY traded up $0.11 during midday trading on Friday, hitting $15.91. 157,571 shares of the company’s stock traded hands, compared to its average volume of 191,125. The firm has a fifty day moving average of $16.54 and a 200 day moving average of $16.39. Engie has a 1 year low of $13.98 and a 1 year high of $18.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Engie in a research report on Wednesday, October 2nd. They set a “hold” rating for the company. Bank of America raised shares of Engie from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein assumed coverage on shares of Engie in a report on Wednesday, October 2nd. They issued an “outperform” rating on the stock.

About Engie

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.