ENGIE BRASL EGA (OTCMKTS:EGIEY) Sees Significant Drop in Short Interest

ENGIE BRASL EGA (OTCMKTS:EGIEY) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 8,500 shares, a decline of 39.7% from the September 15th total of 14,100 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is currently 0.6 days.

ENGIE BRASL EGA Stock Performance

EGIEY opened at $7.48 on Tuesday. ENGIE BRASL EGA has a 12 month low of $5.54 and a 12 month high of $8.86. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50-day moving average of $7.50 and a two-hundred day moving average of $7.44.

ENGIE BRASL EGA (OTCMKTS:EGIEY) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). ENGIE BRASL EGA had a net margin of 25.21% and a return on equity of 24.01%. The company had revenue of $544.70 million during the quarter, compared to analyst estimates of $2.70 billion. Sell-side analysts anticipate that ENGIE BRASL EGA will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded ENGIE BRASL EGA to a “strong sell” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About ENGIE BRASL EGA

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.