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

Eiffage SA (OTCMKTS:EFGSY) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,573 shares, an increase of 539.6% from the August 15th total of 715 shares. Based on an average daily trading volume, of 5,599 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Eiffage Stock Performance

Shares of EFGSY opened at $24.75 on Friday. The company’s fifty day simple moving average is $27.46 and its 200 day simple moving average is $29.90. Eiffage has a 1-year low of $24.16 and a 1-year high of $35.58.

Analysts Set New Price Targets

EFGSY has been the subject of several analyst reports. Zacks Research cut Eiffage from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group lowered Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Eiffage presently has an average rating of “Hold”.

Eiffage Company Profile

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.