AltaGas Ltd. (OTCMKTS:ATGFF – Get Free Report) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 3,761,100 shares, a decline of 9.7% from the November 15th total of 4,165,600 shares. Based on an average daily trading volume, of 332,700 shares, the days-to-cover ratio is presently 11.3 days.
AltaGas Trading Up 0.4 %
OTCMKTS:ATGFF traded up $0.09 during trading hours on Friday, reaching $23.04. The company had a trading volume of 791 shares, compared to its average volume of 62,926. The firm’s 50 day moving average price is $24.43 and its 200-day moving average price is $23.95. AltaGas has a 52 week low of $18.97 and a 52 week high of $26.06.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. cut shares of AltaGas from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd.
About AltaGas
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.
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