Eiffage SA (OTCMKTS:EFGSY) Sees Large Growth in Short Interest

Eiffage SA (OTCMKTS:EFGSY) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,142 shares, a growth of 492.8% from the January 15th total of 530 shares. Based on an average daily volume of 3,104 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 3,104 shares, the days-to-cover ratio is currently 1.0 days.

Eiffage Trading Down 0.1%

EFGSY traded down $0.02 on Tuesday, hitting $32.10. 3,752 shares of the stock were exchanged, compared to its average volume of 1,567. Eiffage has a 12 month low of $17.60 and a 12 month high of $32.12. The business has a 50-day moving average of $29.01 and a two-hundred day moving average of $27.23.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Eiffage in a research note on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock 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.