ENGlobal Co. (NASDAQ:ENG – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 36,900 shares, a decrease of 49.2% from the February 29th total of 72,700 shares. Based on an average daily volume of 32,300 shares, the short-interest ratio is presently 1.1 days. Currently, 1.0% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of ENGlobal in a report on Wednesday. They set a “sell” rating on the stock.
View Our Latest Research Report on ENG
ENGlobal Price Performance
Institutional Investors Weigh In On ENGlobal
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Armistice Capital LLC bought a new stake in ENGlobal in the 1st quarter worth about $1,064,000. Renaissance Technologies LLC grew its position in ENGlobal by 492.9% in the 1st quarter. Renaissance Technologies LLC now owns 250,800 shares of the construction company’s stock worth $120,000 after purchasing an additional 208,500 shares in the last quarter. Vanguard Group Inc. grew its position in ENGlobal by 11.0% in the 3rd quarter. Vanguard Group Inc. now owns 712,666 shares of the construction company’s stock worth $898,000 after purchasing an additional 70,886 shares in the last quarter. Citadel Advisors LLC grew its position in ENGlobal by 31.7% in the 2nd quarter. Citadel Advisors LLC now owns 257,861 shares of the construction company’s stock worth $97,000 after purchasing an additional 62,089 shares in the last quarter. Finally, State Street Corp grew its position in ENGlobal by 36.9% in the 2nd quarter. State Street Corp now owns 76,019 shares of the construction company’s stock worth $72,000 after purchasing an additional 20,500 shares in the last quarter. 5.67% of the stock is owned by institutional investors.
ENGlobal Company Profile
ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates through two ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally.
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