Transportadora de Gas del Sur S.A. (NYSE:TGS) Sees Large Decrease in Short Interest

Transportadora de Gas del Sur S.A. (NYSE:TGS) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 323,500 shares, a decline of 34.2% from the February 28th total of 491,900 shares. Based on an average trading volume of 333,300 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the company’s shares are sold short.

Transportadora de Gas del Sur Trading Down 2.6 %

NYSE:TGS traded down $0.74 during trading hours on Friday, hitting $27.22. The stock had a trading volume of 165,458 shares, compared to its average volume of 250,321. The business’s 50 day moving average is $27.03 and its 200-day moving average is $26.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 25.21 and a beta of 0.76. Transportadora de Gas del Sur has a one year low of $14.16 and a one year high of $34.37.

Institutional Trading of Transportadora de Gas del Sur

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Transportadora de Gas del Sur during the third quarter worth about $481,000. Blue Trust Inc. lifted its holdings in shares of Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after purchasing an additional 1,036 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $5,246,000. XTX Topco Ltd acquired a new position in shares of Transportadora de Gas del Sur in the 3rd quarter valued at approximately $349,000. Finally, GAMMA Investing LLC increased its stake in Transportadora de Gas del Sur by 118.8% during 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. Institutional investors own 3.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TGS shares. Citigroup assumed coverage on Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com upgraded 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.