Ecology and Environment (NASDAQ:EEI) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 6,300 shares, a drop of 7.4% from the September 30th total of 6,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 0.6 days.
Shares of EEI opened at $15.20 on Tuesday. The firm has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $12.53. Ecology and Environment has a 1-year low of $9.27 and a 1-year high of $15.58.
Separately, ValuEngine cut shares of Ecology and Environment from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.
About Ecology and Environment
Ecology & Environment, Inc, an environmental consulting firm, provides professional services to government and private clients worldwide. It offers support services for response and site assessment activities related to the release and threat of release of oil, petroleum products, hazardous substances, and weapons of mass destruction or pollutants or contaminants; and undertakes task order contracts comprising various environmental assessment projects, engineering and oversight of pollution remediation, and other hazardous waste remediation activities, as well as prepares environmental impact assessment documents for federal land management agencies.
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