Eiffage SA (OTCMKTS:EFGSY) Sees Significant Increase in Short Interest

Eiffage SA (OTCMKTS:EFGSY) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,600 shares, an increase of 73.3% from the May 15th total of 1,500 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is currently 0.5 days.

Eiffage Price Performance

Shares of OTCMKTS:EFGSY opened at $27.77 on Tuesday. The firm has a fifty day moving average price of $26.98 and a two-hundred day moving average price of $22.10. Eiffage has a one year low of $16.54 and a one year high of $29.00.

Eiffage Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st were issued a $0.7926 dividend. This represents a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, May 20th. Eiffage’s payout ratio is 25.38%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Eiffage in a report on Monday, March 24th. Santander downgraded shares of Eiffage to a “neutral” rating in a report on Tuesday, May 6th. Citigroup reaffirmed a “neutral” rating on shares of Eiffage in a report on Tuesday, March 18th. Barclays reaffirmed an “overweight” rating on shares of Eiffage in a report on Thursday, March 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eiffage has an average rating of “Moderate Buy”.

Eiffage Company Profile

Eiffage SA engages in the construction, property development, urban development, civil engineering, metallic construction, roads, energy systems, and concessions businesses in France and internationally. The company operates through Construction, Infrastructure, Energy Systems, Concessions, and Holding Company segments.