Breaking Short Interest: Does Transportadora DE Gas Sur (NYSE:TGS) Have Gas After Even More Sellers Involved?

November 17, 2016 - By Nellie Frank   ·   0 Comments

Breaking Short Interest: Does Transportadora DE Gas Sur (NYSE:TGS) Have Gas After Even More Sellers Involved?

The stock of Transportadora DE Gas Sur (NYSE:TGS) registered an increase of 325.79% in short interest. TGS’s total short interest was 80,900 shares in November as published by FINRA. Its up 325.79% from 19,000 shares, reported previously. With 143,200 shares average volume, it will take short sellers 1 days to cover their TGS’s short positions. The short interest to Transportadora DE Gas Sur’s float is 0.1%. About 84,585 shares traded hands. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) has risen 5.78% since April 15, 2016 and is uptrending. It has outperformed by 1.15% the S&P500.

Transportadora de Gas del Sur S.A. is engaged in the transportation of natural gas, and production and commercialization of natural gas liquids (Liquids). The company has a market cap of $590.24 million. The Firm operates through four divisions: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications. It has a 57.18 P/E ratio. The Company’s Natural Gas Transportation segment includes pipeline capacity, which is reserved and paid.

Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) Ratings Coverage

Out of 2 analysts covering Transportadora de Gas Del Sur S.A. (NYSE:TGS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Transportadora de Gas Del Sur S.A. has been the topic of 2 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The rating was initiated by Santander on Thursday, October 8 with “Hold”. The rating was upgraded by Raymond James to “Outperform” on Tuesday, April 5.

TGS Company Profile

Transportadora de Gas del Sur S.A. (TGS), incorporated on December 1, 1992, is engaged in the transportation of natural gas, and production and commercialization of natural gas liquids (Liquids). The Firm operates through four divisions: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications. The Company’s pipeline system connects natural gas fields in southern and western Argentina with natural gas distributors and industries in those areas and in the greater Buenos Aires area. TGS also provides midstream services, which consist of gas treatment, removal of impurities from the natural gas stream, gas compression, wellhead gas gathering and pipeline construction, operation and maintenance services. The Firm also provides telecommunications services through the subsidiary Telcosur S.A. (Telcosur). These services consist of data transmission services through a network of terrestrial and digital radio relay.

More notable recent Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011, also Fool.com with their article: “Is It Time to Buy Argentine ADRs?” published on February 05, 2014, Investorplace.com published: “15 Oil Gas & Consumable Fuels Stocks to Buy Now” on September 30, 2016. More interesting news about Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) were released by: Twst.com and their article: “TGS – Transportadora de Gas del Sur SA: TGS announces 2016 first quarter results” published on May 05, 2016 as well as Investorplace.com‘s news article titled: “13 Oil and Gas Stocks to Buy Now” with publication date: February 06, 2015.

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By Nellie Frank


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