Short Interest in Transportadora de Gas del Sur S.A. (NYSE:TGS) Decreases By 20.0%

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 397,100 shares, a decline of 20.0% from the November 30th total of 496,500 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 247,400 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently modified their holdings of the company. Ping Capital Management Inc. bought a new position in Transportadora de Gas del Sur during the second quarter worth about $759,000. Turim 21 Investimentos Ltda. acquired a new position in shares of Transportadora de Gas del Sur in the second quarter valued at $514,000. Mackenzie Financial Corp increased its holdings in shares of Transportadora de Gas del Sur by 76.1% in the second quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock valued at $474,000 after purchasing an additional 10,800 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of Transportadora de Gas del Sur by 60.0% in the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after purchasing an additional 69,556 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Transportadora de Gas del Sur by 101.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after buying an additional 725 shares during the last quarter. 3.29% of the stock is owned by institutional investors.

Transportadora de Gas del Sur Stock Up 2.8 %

Shares of NYSE TGS traded up $0.81 during trading hours on Friday, hitting $29.78. The company had a trading volume of 167,462 shares, compared to its average volume of 222,258. The stock has a market capitalization of $4.48 billion, a P/E ratio of 27.57 and a beta of 0.81. Transportadora de Gas del Sur has a 1-year low of $11.81 and a 1-year high of $30.88. The firm’s 50 day moving average is $26.68 and its 200-day moving average is $21.66. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.