ENGlobal Co. (NASDAQ:ENG) Short Interest Update

ENGlobal Co. (NASDAQ:ENG) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,500 shares, a decline of 43.2% from the June 15th total of 4,400 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

ENGlobal Stock Down 0.3 %

Shares of NASDAQ ENG traded down $0.00 during midday trading on Friday, hitting $1.35. 2,010 shares of the company’s stock were exchanged, compared to its average volume of 18,764. ENGlobal has a 12-month low of $1.01 and a 12-month high of $3.58. The business’s fifty day moving average price is $1.52 and its two-hundred day moving average price is $1.60.

ENGlobal (NASDAQ:ENG) last posted its quarterly earnings data on Thursday, May 9th. The construction company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $6.53 million during the quarter. ENGlobal had a negative return on equity of 9,826.93% and a negative net margin of 31.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on ENGlobal in a report on Tuesday. They set a “sell” rating for the company.

About ENGlobal

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates in two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services and fabrication relating to the development, management, and execution of projects requiring professional engineering and related project management services.