Short Interest in Engie SA (OTCMKTS:ENGIY) Increases By 77.4%

Engie SA (OTCMKTS:ENGIY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 34,600 shares, an increase of 77.4% from the December 15th total of 19,500 shares. Based on an average daily volume of 455,700 shares, the short-interest ratio is currently 0.1 days.

Engie Stock Up 0.6 %

OTCMKTS:ENGIY opened at $16.42 on Friday. The company has a 50 day simple moving average of $15.98 and a two-hundred day simple moving average of $16.46. Engie has a 12 month low of $13.98 and a 12 month high of $18.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America raised shares of Engie from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft began coverage on Engie in a research note on Wednesday, October 2nd. They set a “hold” rating for the company. Finally, Sanford C. Bernstein started coverage on Engie in a research note on Wednesday, October 2nd. They issued an “outperform” rating on the stock.

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.