American Noble Gas Inc. (NYSE:INFY) Sees Large Decrease in Short Interest

American Noble Gas Inc. (NYSE:INFY) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 134,133,539 shares, a decrease of 18.1% from the December 15th total of 163,682,228 shares. Based on an average daily volume of 22,948,263 shares, the days-to-cover ratio is currently 5.8 days. Approximately 4.2% of the shares of the company are short sold. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 22,948,263 shares, the days-to-cover ratio is currently 5.8 days.

Analysts Set New Price Targets

A number of research firms have weighed in on INFY. BMO Capital Markets lifted their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, January 15th. TD Cowen raised their target price on American Noble Gas from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Stifel Nicolaus lifted their price target on American Noble Gas from $16.50 to $19.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.65.

American Noble Gas Stock Down 2.1%

NYSE:INFY opened at $18.23 on Wednesday. American Noble Gas has a 52 week low of $15.81 and a 52 week high of $30.00. The stock’s 50-day moving average price is $17.96 and its 200-day moving average price is $17.33. The stock has a market capitalization of $75.59 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Wednesday, January 14th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. American Noble Gas had a return on equity of 30.60% and a net margin of 16.16%.The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.11 billion. Sell-side analysts expect that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Noble Gas

A number of large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Noble Gas in the first quarter valued at about $239,000. NewEdge Advisors LLC lifted its stake in American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American Noble Gas by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after buying an additional 3,804 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.