Short Interest in Eiffage SA (OTCMKTS:EFGSY) Expands By 3,507.9%

Eiffage SA (OTCMKTS:EFGSY) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,371 shares, a growth of 3,507.9% from the November 30th total of 38 shares. Based on an average trading volume of 2,615 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 2,615 shares, the days-to-cover ratio is currently 0.5 days.

Eiffage Stock Performance

Shares of EFGSY remained flat at $28.50 on Thursday. 76 shares of the company traded hands, compared to its average volume of 1,917. Eiffage has a fifty-two week low of $16.54 and a fifty-two week high of $29.96. The firm has a 50-day moving average price of $26.73 and a 200 day moving average price of $26.77.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EFGSY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a report on Tuesday, December 2nd. Barclays reaffirmed an “overweight” rating on shares of Eiffage in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.