Short Interest in Technip Energies (OTCMKTS:THNPF) Drops By 69.2%

Technip Energies (OTCMKTS:THNPFGet Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 134,500 shares, a drop of 69.2% from the April 30th total of 437,300 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 269.0 days.

Shares of Technip Energies stock opened at $12.95 on Friday. Technip Energies has a twelve month low of $10.19 and a twelve month high of $16.92. The company has a 50-day simple moving average of $12.40 and a two-hundred day simple moving average of $13.48.

A number of brokerages have commented on THNPF. JPMorgan Chase & Co. cut their price target on shares of Technip Energies from €17.50 ($18.62) to €13.20 ($14.04) and set an “overweight” rating for the company in a research note on Tuesday, March 1st. Jefferies Financial Group assumed coverage on shares of Technip Energies in a research note on Tuesday, February 1st. They set a “buy” rating for the company. Societe Generale upgraded shares of Technip Energies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 19th. Finally, Barclays upgraded shares of Technip Energies from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $13.20.

About Technip Energies (Get Rating)

Technip Energies N.V., together with its subsidiaries, operates as an engineering and technology company for the energy transition in Europe, Russia, the Asia Pacific, Africa, the Middle East, and the Americas. The company operates through two segments, Projects Delivery, and Technology, Products and Services.

Read More

Receive News & Ratings for Technip Energies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Technip Energies and related companies with MarketBeat.com's FREE daily email newsletter.