AltaGas Ltd. (OTCMKTS:ATGFF) Sees Significant Growth in Short Interest

AltaGas Ltd. (OTCMKTS:ATGFF) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,321,800 shares, a growth of 6.6% from the January 15th total of 3,116,800 shares. Based on an average daily volume of 51,600 shares, the short-interest ratio is presently 64.4 days.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered shares of AltaGas from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd.

AltaGas Stock Down 1.0 %

OTCMKTS:ATGFF opened at $24.45 on Friday. The stock has a 50 day moving average of $23.53 and a 200-day moving average of $24.25. AltaGas has a 52 week low of $19.42 and a 52 week high of $26.06.

AltaGas Company Profile

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.