ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Short Interest Down 66.8% in June

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 9,695 shares, a decrease of 66.8% from the June 15th total of 29,233 shares. Based on an average daily volume of 274,070 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ENGIY shares. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Sanford C. Bernstein downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Zacks Research cut ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Citigroup restated a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Finally, Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

OTCMKTS:ENGIY opened at $31.37 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. The company has a fifty day moving average of $31.30 and a 200-day moving average of $31.03. ENGIE has a twelve month low of $20.18 and a twelve month high of $35.16.

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.