Short Interest in Anaergia Inc. (OTCMKTS:ANRGF) Grows By 34.2%

Anaergia Inc. (OTCMKTS:ANRGFGet Rating) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 136,700 shares, an increase of 34.2% from the June 30th total of 101,900 shares. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is currently 18.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Anaergia from C$25.00 to C$19.00 in a research note on Friday, May 13th. TD Securities assumed coverage on shares of Anaergia in a research note on Wednesday, April 20th. They set a “buy” rating on the stock. National Bank Financial dropped their price objective on shares of Anaergia from C$17.00 to C$14.00 in a research note on Tuesday, May 10th. Finally, Scotiabank dropped their price objective on shares of Anaergia from C$19.00 to C$18.00 in a research note on Wednesday, April 20th.

Anaergia Stock Performance

Shares of OTCMKTS:ANRGF opened at $5.62 on Monday. The firm’s 50 day moving average is $5.33 and its two-hundred day moving average is $8.15. Anaergia has a 52 week low of $4.31 and a 52 week high of $20.11.

Anaergia Company Profile

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Anaergia Inc, together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources. The company offers anaerobic digestion technologies for the production of clean energy, fertilizers, and recycled water from waste streams. It offers wastewater resource recovery, municipal solid waste, and agri-food solutions.

Further Reading

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