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

Engie SA (OTCMKTS:ENGIY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 176,800 shares, a growth 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 research firms have recently issued reports on ENGIY. Sanford C. Bernstein started coverage on shares of Engie in a research report on Wednesday, October 2nd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on Engie in a research report on Wednesday, October 2nd. They issued a “hold” rating for the company. Finally, Bank of America upgraded Engie from an “underperform” rating to a “neutral” rating in a report on Wednesday, October 2nd.

Engie Stock Down 1.0 %

Shares of OTCMKTS:ENGIY traded down $0.17 during trading on Tuesday, hitting $16.22. The stock had a trading volume of 221,135 shares, compared to its average volume of 191,484. The firm’s fifty day moving average is $17.25 and its 200 day moving average is $16.53. Engie has a 12 month low of $13.98 and a 12 month 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.