ENGlobal Co. (NASDAQ:ENG) Sees Large Increase in Short Interest

ENGlobal Co. (NASDAQ:ENG) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,700 shares, a growth of 52.3% from the October 15th total of 4,400 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is currently 0.4 days.

ENGlobal Price Performance

Shares of ENG stock traded down $0.12 during trading hours on Friday, reaching $1.27. The stock had a trading volume of 23,809 shares, compared to its average volume of 18,286. The stock’s fifty day simple moving average is $1.32 and its 200 day simple moving average is $1.47. ENGlobal has a 12 month low of $1.01 and a 12 month high of $2.36.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of ENGlobal in a research report on Thursday. They issued 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.