Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Update

Stingray Group Inc. (OTCMKTS:STGYF – Get Rating) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 34,900 shares, a drop of 23.0% from the February 13th total of 45,300 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 116.3 days.

Analyst Ratings Changes

STGYF has been the subject of several research reports. BMO Capital Markets raised their price target on Stingray Group from C$6.50 to C$8.00 in a report on Thursday, February 9th. Royal Bank of Canada raised their price target on Stingray Group from C$7.00 to C$8.00 in a report on Thursday, February 9th.

Stingray Group Price Performance

STGYF opened at C$4.34 on Tuesday. Stingray Group has a fifty-two week low of C$3.18 and a fifty-two week high of C$5.88. The stock has a fifty day moving average of C$3.65 and a 200-day moving average of C$3.78.

About Stingray Group

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Eguana Technologies, Inc engages in the design and manufacture of residential and small commercial energy storage systems. It offers power electronics for fuel cell, photovoltaic, and battery applications in Europe and North America. The company was founded by Michael A. Carten, David Anthony Carten, Jon Dogterom, and Brent Harris on November 4, 1996 and is headquartered in Calgary, Canada.