The Generation Essentials Group (NYSE:TGE – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 419,015 shares, an increase of 618.0% from the May 31st total of 58,359 shares. Based on an average daily trading volume, of 675,501 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.3% of the shares of the stock are short sold.
Institutional Trading of The Generation Essentials Group
A hedge fund recently bought a new position in The Generation Essentials Group stock. Osaic Holdings Inc. acquired a new position in shares of The Generation Essentials Group (NYSE:TGE – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,900 shares of the company’s stock, valued at approximately $205,000. Osaic Holdings Inc. owned approximately 0.14% of The Generation Essentials Group at the end of the most recent reporting period.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of The Generation Essentials Group in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
The Generation Essentials Group Stock Performance
Shares of The Generation Essentials Group stock opened at $1.12 on Friday. The business has a 50-day moving average price of $1.06 and a 200-day moving average price of $1.20. The Generation Essentials Group has a twelve month low of $0.78 and a twelve month high of $9.20.
The Generation Essentials Group (NYSE:TGE – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $5.45 million during the quarter.
About The Generation Essentials Group
Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming.
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