Short Interest in ENGlobal Co. (NASDAQ:ENG) Expands By 52.3%

ENGlobal Co. (NASDAQ:ENG) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,700 shares, an increase of 52.3% from the October 15th total of 4,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of ENGlobal in a research report on Thursday. They set a “sell” rating on the stock.

ENGlobal Stock Down 0.7 %

Shares of NASDAQ:ENG traded down $0.01 on Thursday, reaching $1.41. 22,636 shares of the company’s stock were exchanged, compared to its average volume of 18,261. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.40. The business’s 50-day moving average is $1.32 and its two-hundred day moving average is $1.47.

ENGlobal Company Profile

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates in two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services and fabrication relating to the development, management, and execution of projects requiring professional engineering and related project management services.