Short Interest in Engie SA (OTCMKTS:ENGIY) Expands By 440.7%

Engie SA (OTCMKTS:ENGIY) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 176,800 shares, an increase of 440.7% from the October 15th total of 32,700 shares. Based on an average trading volume of 183,200 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Engie in a research report on Wednesday, October 2nd. They set a “hold” rating for the company. Sanford C. Bernstein initiated coverage on Engie in a research report on Wednesday, October 2nd. They issued an “outperform” rating for the company. Finally, Bank of America upgraded Engie from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 2nd.

Engie Price Performance

Shares of OTCMKTS ENGIY traded down $0.06 during trading on Wednesday, hitting $16.16. The company had a trading volume of 164,234 shares, compared to its average volume of 191,360. The business’s 50-day moving average is $17.22 and its 200 day moving average is $16.52. Engie has a 52 week low of $13.98 and a 52 week high of $18.15.

About Engie

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.