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

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 323,500 shares, a decline of 34.2% from the February 28th total of 491,900 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 333,300 shares, the days-to-cover ratio is currently 1.0 days.

Transportadora de Gas del Sur Stock Down 3.3 %

TGS traded down $0.91 on Monday, reaching $26.37. The company’s stock had a trading volume of 154,838 shares, compared to its average volume of 249,940. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 24.41 and a beta of 0.76. Transportadora de Gas del Sur has a fifty-two week low of $14.16 and a fifty-two week high of $34.37. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $26.99 and a two-hundred day moving average of $26.05.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TGS shares. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Citigroup initiated coverage on Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price objective for the company.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Transportadora de Gas del Sur by 67.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company’s stock worth $42,574,000 after purchasing an additional 583,991 shares in the last quarter. TT International Asset Management LTD grew its position in Transportadora de Gas del Sur by 17.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after purchasing an additional 188,268 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Transportadora de Gas del Sur in the fourth quarter valued at $9,812,000. William Blair Investment Management LLC purchased a new stake in shares of Transportadora de Gas del Sur in the fourth quarter valued at about $5,246,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Transportadora de Gas del Sur during the fourth quarter worth about $4,813,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

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.