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

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 323,500 shares, a decrease 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 shares of the stock are short sold.

Transportadora de Gas del Sur Price Performance

TGS traded down $0.74 during trading on Friday, hitting $27.22. The company’s stock had a trading volume of 165,458 shares, compared to its average volume of 250,321. The firm’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $26.01. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The stock has a market capitalization 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 12 month low of $14.16 and a 12 month high of $34.37.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of institutional investors have recently modified their holdings of TGS. Point72 Asset Management L.P. acquired a new stake in shares of Transportadora de Gas del Sur in the fourth quarter valued at approximately $76,000. GAMMA Investing LLC increased its stake in shares of 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 valued at $92,000 after buying an additional 1,710 shares during the period. Blue Trust Inc. raised its position in shares of Transportadora de Gas del Sur by 24.4% during the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after acquiring an additional 1,036 shares during the last quarter. Insigneo Advisory Services LLC acquired a new position in shares of Transportadora de Gas del Sur during the fourth quarter valued at $216,000. Finally, NewEdge Advisors LLC boosted its holdings in Transportadora de Gas del Sur by 1,493.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company’s stock valued at $277,000 after acquiring an additional 8,858 shares during the last quarter. 3.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TGS has been the subject of a number of analyst reports. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Citigroup assumed coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They set a “buy” rating and a $35.00 price objective on the stock.

Transportadora de Gas del Sur Company Profile

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.