Short Interest in Technip Energies (OTCMKTS:THNPF) Decreases By 56.6%

by · The Markets Daily

Technip Energies (OTCMKTS:THNPF – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 176,306 shares, a drop of 56.6% from the April 30th total of 406,030 shares. Based on an average daily trading volume, of 225 shares, the short-interest ratio is currently 783.6 days.

Analyst Ratings Changes

THNPF has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Technip Energies to a “neutral” rating in a research note on Friday, May 1st. Citigroup reissued a “neutral” rating on shares of Technip Energies in a research note on Monday, April 20th. UBS Group assumed coverage on Technip Energies in a research note on Tuesday, February 10th. They set a “neutral” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Technip Energies in a research note on Friday, May 1st. Finally, Barclays raised Technip Energies to an “overweight” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on Technip Energies

Technip Energies Trading Down 1.4%

THNPF traded down $0.58 during trading on Monday, reaching $40.38. The company had a trading volume of 100 shares, compared to its average volume of 565. The firm’s 50-day simple moving average is $42.72 and its 200 day simple moving average is $40.66. Technip Energies has a 12-month low of $36.38 and a 12-month high of $49.00.

About Technip Energies

(Get Free Report)

Technip Energies is a global engineering and technology company specializing in the energy sector. Established as an independent entity in January 2021 through the spin-off of TechnipFMC’s engineering and construction activities, the company builds on a legacy that dates back to Technip’s founding in 1958. Headquartered in Paris, France, Technip Energies provides a broad range of services to oil and gas, liquefied natural gas (LNG) and low-carbon energy clients worldwide.

The company’s core offerings include engineering, procurement and construction (EPC) services as well as proprietary technology licensing.

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