Transportadora de Gas del Sur S.A. (NYSE:TGS) Sees Significant Increase in Short Interest

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 513,700 shares, an increase of 31.5% from the January 31st total of 390,600 shares. Based on an average daily trading volume, of 342,300 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.7% of the shares of the stock are sold short.

Transportadora de Gas del Sur Price Performance

NYSE TGS traded down $0.77 on Tuesday, reaching $25.16. 302,925 shares of the company’s stock traded hands, compared to its average volume of 374,315. Transportadora de Gas del Sur has a 12 month low of $11.81 and a 12 month high of $34.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. The stock has a 50-day simple moving average of $28.61 and a 200 day simple moving average of $25.08. The stock has a market cap of $3.79 billion, a PE ratio of 23.30 and a beta of 0.78.

Wall Street Analyst Weigh In

TGS has been the topic of several research analyst reports. StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Citigroup assumed coverage on shares of Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a “buy” rating and a $35.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 during the period. TT International Asset Management LTD increased its stake in shares of Transportadora de Gas del Sur by 17.3% in the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after buying an additional 188,268 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $9,812,000. William Blair Investment Management LLC purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $5,246,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $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.