Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Down 34.2% in March

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 323,500 shares, a decrease of 34.2% from the February 28th total of 491,900 shares. Based on an average daily volume of 333,300 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Trading of Transportadora de Gas del Sur

Several hedge funds have recently modified their holdings of TGS. Point72 Asset Management L.P. acquired a new position in Transportadora de Gas del Sur during the fourth quarter worth $76,000. GAMMA Investing LLC grew its stake in shares of Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,710 shares during the period. Blue Trust Inc. increased its holdings in shares of Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after purchasing an additional 1,036 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of Transportadora de Gas del Sur in the fourth quarter valued at about $216,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Transportadora de Gas del Sur by 1,493.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company’s stock valued at $277,000 after purchasing an additional 8,858 shares during the period. 3.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TGS shares. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Citigroup began coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They issued a “buy” rating and a $35.00 target price for the company.

Transportadora de Gas del Sur Stock Performance

TGS traded down $0.91 during trading on Monday, reaching $26.37. The company’s stock had a trading volume of 154,838 shares, compared to its average volume of 249,940. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company’s fifty day moving average price is $26.99 and its 200-day moving average price is $26.05. Transportadora de Gas del Sur has a 52-week low of $14.16 and a 52-week high of $34.37. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 24.41 and a beta of 0.76.

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.