ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Update

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 42,561 shares, a decrease of 62.9% from the April 30th total of 114,641 shares. Based on an average daily volume of 248,104 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

ENGIY has been the topic of several research reports. Sanford C. Bernstein lowered ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, ENGIE has a consensus rating of “Moderate Buy”.

ENGIE Price Performance

ENGIE stock opened at $30.92 on Friday. ENGIE has a one year low of $20.18 and a one year high of $35.16. The business has a fifty day moving average price of $32.51 and a 200-day moving average price of $29.71. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.