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

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) was the recipient of a large decrease in short interest during 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. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 333,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new stake in shares of Transportadora de Gas del Sur during the 4th quarter worth $76,000. GAMMA Investing LLC boosted its holdings in Transportadora de Gas del Sur by 118.8% during the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock worth $92,000 after buying an additional 1,710 shares in the last quarter. Blue Trust Inc. grew its position in 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 buying an additional 1,036 shares during the period. Virtu Financial LLC purchased a new position in Transportadora de Gas del Sur in the third quarter valued at about $190,000. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $216,000. Institutional investors and hedge funds own 3.29% of the company's stock.

Transportadora de Gas del Sur Stock Performance

NYSE:TGS traded down $0.29 during mid-day trading on Wednesday, reaching $26.89. The stock had a trading volume of 97,444 shares, compared to its average volume of 334,278. 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 business has a 50 day simple moving average of $26.94 and a 200 day simple moving average of $26.09. Transportadora de Gas del Sur has a twelve month low of $14.16 and a twelve month high of $34.37. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 24.90 and a beta of 0.76.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com upgraded Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 19th. Citigroup began coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They issued a "buy" rating and a $35.00 price objective on the stock.

About Transportadora de Gas del Sur

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.