Eiffage SA (OTCMKTS:EFGSY) Sees Large Increase in Short Interest

Eiffage SA (OTCMKTS:EFGSY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,573 shares, a growth of 539.6% from the August 15th total of 715 shares. Based on an average daily volume of 5,599 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EFGSY shares. Morgan Stanley reissued an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. The Goldman Sachs Group downgraded shares of Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. Finally, Zacks Research cut shares of Eiffage from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Eiffage Stock Up 2.8%

Shares of OTCMKTS:EFGSY traded up $0.68 during mid-day trading on Friday, hitting $25.43. 5,396 shares of the company traded hands, compared to its average volume of 4,121. The stock has a 50-day moving average price of $27.37 and a two-hundred day moving average price of $29.87. Eiffage has a 12-month low of $24.16 and a 12-month high of $35.58.

About Eiffage

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.