Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Update

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 182,800 shares, a drop of 43.5% from the March 15th total of 323,500 shares. Approximately 0.3% of the company's stock are short sold. Based on an average daily trading volume, of 339,400 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Transportadora de Gas del Sur during the 4th quarter valued at approximately $76,000. GAMMA Investing LLC grew its holdings in shares of Transportadora de Gas del Sur by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock valued at $92,000 after purchasing an additional 1,710 shares in the last quarter. Blue Trust Inc. increased its position in Transportadora de Gas del Sur by 24.4% in the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company's stock worth $154,000 after purchasing an additional 1,036 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in Transportadora de Gas del Sur during the fourth quarter valued at $216,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Transportadora de Gas del Sur by 1,493.8% in the 4th 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.

Transportadora de Gas del Sur Price Performance

TGS traded up $0.46 during trading on Friday, reaching $27.38. 178,090 shares of the company traded hands, compared to its average volume of 248,350. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company has a market cap of $4.12 billion, a P/E ratio of 25.35 and a beta of 0.62. The firm has a fifty day simple moving average of $26.02 and a 200 day simple moving average of $26.41. Transportadora de Gas del Sur has a 12-month low of $14.16 and a 12-month high of $34.37.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGS. Citigroup assumed coverage on shares of Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a "buy" rating and a $35.00 price objective on the stock. StockNews.com raised Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 19th.

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.