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

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

Institutional Investors Weigh In On Transportadora de Gas del Sur

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Transportadora de Gas del Sur by 67.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company’s stock valued at $42,574,000 after purchasing an additional 583,991 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Transportadora de Gas del Sur in the fourth quarter valued at approximately $9,812,000. William Blair Investment Management LLC bought a new stake in shares of Transportadora de Gas del Sur in the fourth quarter valued at approximately $5,246,000. Brevan Howard Capital Management LP acquired a new stake in Transportadora de Gas del Sur during the fourth quarter worth approximately $4,813,000. Finally, Seldon Capital LP bought a new position in Transportadora de Gas del Sur during the 4th quarter worth $3,771,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora de Gas del Sur Stock Performance

NYSE:TGS opened at $27.38 on Friday. The stock has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $26.41. The stock has a market cap of $4.12 billion, a P/E ratio of 25.35 and a beta of 0.62. Transportadora de Gas del Sur has a 1-year low of $14.16 and a 1-year high of $34.37. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Citigroup assumed coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They set a “buy” rating and a $35.00 target price 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.