Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Up 182.5% in April

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 663,700 shares, a growth of 182.5% from the March 31st total of 234,900 shares. Based on an average daily trading volume, of 272,500 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TGS shares. StockNews.com cut Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th. TheStreet raised shares of Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research report on Tuesday, January 2nd.

Transportadora de Gas del Sur Price Performance

NYSE TGS traded up $0.68 during mid-day trading on Friday, hitting $16.81. The stock had a trading volume of 130,371 shares, compared to its average volume of 333,732. The company has a 50 day simple moving average of $14.76 and a 200 day simple moving average of $13.81. The company has a quick ratio of 3.49, a current ratio of 3.56 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 60.04 and a beta of 0.71. Transportadora de Gas del Sur has a 52-week low of $9.50 and a 52-week high of $19.95.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings data on Monday, March 4th. The energy company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.40). Transportadora de Gas del Sur had a return on equity of 1.88% and a net margin of 4.16%. The business had revenue of $249.63 million for the quarter, compared to analysts’ expectations of $227.09 million. Equities analysts forecast that Transportadora de Gas del Sur will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Transportadora de Gas del Sur during the 3rd quarter valued at $25,000. Blue Trust Inc. purchased a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth about $41,000. Tower Research Capital LLC TRC acquired a new position in shares of Transportadora de Gas del Sur in the 4th quarter valued at about $53,000. FNY Investment Advisers LLC purchased a new stake in shares of Transportadora de Gas del Sur during the 4th quarter worth about $73,000. Finally, Cable Hill Partners LLC acquired a new stake in Transportadora de Gas del Sur during the 3rd quarter worth approximately $102,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

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; Other Services; and Telecommunications.