AltaGas Ltd. (OTCMKTS:ATGFF) Short Interest Update

AltaGas Ltd. (OTCMKTS:ATGFF) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 4,165,600 shares, an increase of 7.2% from the October 31st total of 3,886,400 shares. Based on an average daily trading volume, of 41,000 shares, the short-interest ratio is presently 101.6 days.

AltaGas Stock Performance

AltaGas stock opened at $24.24 on Tuesday. AltaGas has a fifty-two week low of $18.97 and a fifty-two week high of $26.06. The company’s 50-day moving average is $24.58 and its 200-day moving average is $23.87.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded AltaGas from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd.

About AltaGas

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.