Technip Energies (OTCMKTS:THNPY) Sees Large Growth in Short Interest

Technip Energies (OTCMKTS:THNPY) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 499,993 shares, a growth of 20.9% from the March 15th total of 413,691 shares. Based on an average daily trading volume, of 49,662 shares, the days-to-cover ratio is presently 10.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Technip Energies to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Technip Energies has a consensus rating of “Hold”.

Technip Energies Stock Performance

OTCMKTS:THNPY opened at $46.83 on Friday. Technip Energies has a 12-month low of $32.61 and a 12-month high of $49.18. The business has a 50 day simple moving average of $40.89 and a 200 day simple moving average of $40.49.

Technip Energies Company Profile

Technip Energies N.V. is a global engineering and technology company formed in 2021 through the spin-off of the engineering and construction arm of TechnipFMC. Headquartered in Paris, France, the company specializes in delivering large-scale projects for the energy sector, with a particular emphasis on the transition to low-carbon solutions. Technip Energies combines deep technical expertise with integrated project management to support clients across the hydrocarbon value chain and emerging energy markets.

The company’s core offerings include front-end engineering design (FEED), detailed engineering, procurement and construction (EPC), and project management.