Short Interest in Eiffage SA (OTCMKTS:EFGSY) Drops By 14.4%

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 530 shares, a drop of 14.4% from the December 31st total of 619 shares. Based on an average daily trading volume, of 2,071 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 2,071 shares, the short-interest ratio is currently 0.3 days.

Eiffage Stock Performance

Eiffage stock opened at $30.48 on Tuesday. The stock’s 50 day moving average price is $28.67 and its 200 day moving average price is $27.10. Eiffage has a 1-year low of $17.28 and a 1-year high of $30.57.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Eiffage presently has a consensus rating of “Moderate Buy”.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.