Transportadora de Gas del Sur S.A. (NYSE:TGS) Short Interest Down 43.5% in March

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 182,800 shares, a drop of 43.5% from the March 15th total of 323,500 shares. Based on an average daily volume of 339,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Transportadora de Gas del Sur Trading Down 2.1 %

NYSE:TGS opened at $26.98 on Thursday. Transportadora de Gas del Sur has a one year low of $14.16 and a one year high of $34.37. The business has a fifty day moving average price of $26.00 and a 200-day moving average price of $26.35. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 24.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Transportadora de Gas del Sur by 67.1% in 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 buying an additional 583,991 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Transportadora de Gas del Sur in the 4th quarter worth $9,812,000. William Blair Investment Management LLC bought a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $5,246,000. Brevan Howard Capital Management LP purchased a new position in shares of Transportadora de Gas del Sur during the fourth quarter valued at about $4,813,000. Finally, Seldon Capital LP bought a new stake in shares of Transportadora de Gas del Sur in the fourth quarter worth about $3,771,000. Institutional investors own 3.29% of the company’s stock.

Analyst Upgrades and Downgrades

TGS has been the topic of several analyst reports. 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 started coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set 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.