Short Interest in Transportadora de Gas del Sur S.A. (NYSE:TGS) Decreases By 20.0%

Transportadora de Gas del Sur S.A. (NYSE:TGS) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 397,100 shares, a decline of 20.0% from the November 30th total of 496,500 shares. Based on an average daily trading volume, of 247,400 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 6th.

Transportadora de Gas del Sur Trading Up 2.8 %

Transportadora de Gas del Sur stock traded up $0.81 during mid-day trading on Friday, hitting $29.78. 167,462 shares of the company’s stock were exchanged, compared to its average volume of 222,258. Transportadora de Gas del Sur has a fifty-two week low of $11.81 and a fifty-two week high of $30.88. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.48 billion, a P/E ratio of 27.57 and a beta of 0.81. The company’s 50 day simple moving average is $26.68 and its 200-day simple moving average is $21.66.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Several institutional investors have recently added to or reduced their stakes in the stock. Ping Capital Management Inc. acquired a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter valued at about $759,000. Turim 21 Investimentos Ltda. bought a new position in shares of Transportadora de Gas del Sur during the second quarter worth about $514,000. Mackenzie Financial Corp raised its position in Transportadora de Gas del Sur by 76.1% in the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock valued at $474,000 after buying an additional 10,800 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its stake in Transportadora de Gas del Sur by 60.0% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after acquiring an additional 69,556 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Transportadora de Gas del Sur by 101.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after acquiring an additional 725 shares in the last quarter. 3.29% of the stock is owned by institutional investors.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.