Energys Group Ltd (NASDAQ:ENGS) Stock Short Interest Drops 45.4%

Energys Group Ltd (NASDAQ:ENGS) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 334,141 shares, a decrease of 45.4% from the August 31st total of 612,376 shares. Based on an average daily volume of 1,356,112 shares, the short-interest ratio is presently 0.2 days. Currently, 2.3% of the company’s stock are sold short.

Energys Group Trading Up 1.7%

Shares of NASDAQ:ENGS traded up $0.05 during midday trading on Wednesday, hitting $3.04. 2,071,521 shares of the company’s stock were exchanged, compared to its average volume of 2,062,795. The stock has a 50 day moving average price of $2.80 and a 200-day moving average price of $2.07. Energys Group has a 12 month low of $0.57 and a 12 month high of $12.48.

Energys Group (NASDAQ:ENGS) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $2.09 million for the quarter.

Analysts Set New Price Targets

A number of analysts recently commented on ENGS shares. Wall Street Zen raised Energys Group from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Energys Group in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Energys Group

We are an energy service company based in the United Kingdom with over 23 years of experience in deploying energy-saving technologies and services. We principally provide end-to-end customized solutions and services that involve retrofitting existing infrastructures to help public and private organizations reduce their CO2 emissions and save money. Our headquarters is located in the United Kingdom. We also have offices located in Hong Kong from which EGL(HK) conducts research and development and GAI and NVL engage in the procurement of lighting and other products, which are then sold to ECSL, our United Kingdom Operating Subsidiary.