Eguana Technologies Inc. (OTCMKTS:EGTYF) was the recipient of a significant increase in short interest during the month of May. As of May 28th, there was short interest totalling 8,800 shares, an increase of 8,700.0% from the May 13th total of 100 shares. Based on an average trading volume of 202,900 shares, the short-interest ratio is currently 0.0 days.
Separately, Stifel Nicolaus increased their target price on Eguana Technologies from $0.85 to $0.90 and gave the stock a “buy” rating in a research note on Wednesday, May 5th.
Shares of Eguana Technologies stock traded up $0.01 during trading on Friday, hitting $0.28. 156,392 shares of the company’s stock traded hands, compared to its average volume of 411,941. Eguana Technologies has a 1 year low of $0.05 and a 1 year high of $0.48. The stock has a 50-day simple moving average of $0.32.
Eguana Technologies Inc designs and manufactures power electronics for residential and commercial fuel cell, photovoltaic, and battery applications in Asia, Australia, Canada, Europe, and the United States. It provides its products under the Enduro, Evolve, and Elevate brand name. The company was formerly known as Sustainable Energy Technologies Ltd.
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