ENGlobal Co. (NASDAQ:ENG) Short Interest Update

ENGlobal Co. (NASDAQ:ENG) saw a large growth in short interest in 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 company’s stock are short sold. Based on an average daily volume of 16,300 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ENGlobal in a report on Thursday. They set a “sell” rating on the stock.

ENGlobal Stock Down 0.7 %

ENG stock traded down $0.01 during trading on Thursday, reaching $1.41. 22,636 shares of the stock were exchanged, compared to its average volume of 18,261. ENGlobal has a twelve month low of $1.01 and a twelve month high of $2.40. The stock has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.47.

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.