Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Up 31.5% in February

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 513,700 shares, an increase of 31.5% from the January 31st total of 390,600 shares. Based on an average trading volume of 342,300 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in shares of Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after purchasing an additional 1,036 shares in the last quarter. GAMMA Investing LLC increased its stake in Transportadora de Gas del Sur by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,710 shares in the last quarter. Ping Capital Management Inc. raised its holdings in Transportadora de Gas del Sur by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock worth $1,136,000 after buying an additional 1,800 shares during the period. Point72 Asset Management L.P. purchased a new stake in Transportadora de Gas del Sur during the fourth quarter valued at about $76,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth about $216,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora de Gas del Sur Trading Up 1.2 %

Shares of Transportadora de Gas del Sur stock opened at $25.41 on Thursday. The business has a fifty day simple moving average of $28.54 and a 200-day simple moving average of $25.12. Transportadora de Gas del Sur has a fifty-two week low of $11.81 and a fifty-two week high of $34.37. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 23.53 and a beta of 0.76. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of research firms have commented on TGS. Citigroup initiated coverage on shares of Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.