AGL Energy Limited (OTCMKTS:AGLXY) Sees Large Increase in Short Interest

AGL Energy Limited (OTCMKTS:AGLXY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 308 shares, a growth of 962.1% from the July 15th total of 29 shares. Based on an average daily trading volume, of 1,565 shares, the short-interest ratio is presently 0.2 days.

AGL Energy Stock Performance

OTCMKTS:AGLXY traded down $0.19 during midday trading on Tuesday, reaching $5.80. The stock had a trading volume of 414 shares, compared to its average volume of 1,211. AGL Energy has a 12-month low of $5.21 and a 12-month high of $7.57. The firm has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $6.47.

About AGL Energy

AGL Energy is one of Australia’s leading integrated energy companies, engaged in the generation, distribution and retailing of electricity and gas to residential, commercial and industrial customers. The company operates a diversified portfolio of power generation assets, including coal-fired and gas-fired stations as well as a growing suite of renewable energy projects, such as wind and solar farms. In addition to traditional energy supply, AGL provides energy management services, rooftop solar installations and battery storage solutions aimed at helping customers manage usage and reduce costs.

Founded in 1837 as the Australian Gas Light Company—the first gas undertaking in Sydney—AGL has evolved over nearly two centuries into a diversified energy business.