ENGlobal Co. (NASDAQ:ENG) Short Interest Up 52.3% in October

ENGlobal Co. (NASDAQ:ENG) was the target of a large increase in short interest in 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. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

ENGlobal Trading Down 8.6 %

ENG traded down $0.12 during trading hours on Friday, hitting $1.27. The company’s stock had a trading volume of 23,809 shares, compared to its average volume of 18,286. The business’s 50-day moving average price is $1.32 and its 200-day moving average price is $1.47. ENGlobal has a 12 month low of $1.01 and a 12 month high of $2.36.

Analyst Upgrades and Downgrades

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

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.