Short Interest in Engie SA (OTCMKTS:ENGIY) Grows By 77.4%

Engie SA (OTCMKTS:ENGIY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 34,600 shares, an increase of 77.4% from the December 15th total of 19,500 shares. Based on an average daily trading volume, of 455,700 shares, the days-to-cover ratio is currently 0.1 days.

Engie Stock Performance

Shares of ENGIY opened at $16.24 on Wednesday. The company’s fifty day moving average is $15.98 and its 200 day moving average is $16.46. Engie has a fifty-two week low of $13.98 and a fifty-two week high of $18.00.

Analyst Ratings Changes

Several analysts have commented on ENGIY shares. Sanford C. Bernstein began coverage on shares of Engie in a research note on Wednesday, October 2nd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Engie in a research report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Finally, Bank of America raised Engie from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

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.