Short Interest in ENGlobal Corp (NASDAQ:ENG) Grows By 46.1%

ENGlobal Corp (NASDAQ:ENG) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 16,800 shares, an increase of 46.1% from the August 31st total of 11,500 shares. Based on an average daily trading volume, of 252,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

An institutional investor recently bought a new position in ENGlobal stock. Bridgeway Capital Management Inc. bought a new stake in shares of ENGlobal Corp (NASDAQ:ENG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 32,400 shares of the construction company’s stock, valued at approximately $33,000. Bridgeway Capital Management Inc. owned about 0.12% of ENGlobal at the end of the most recent reporting period. 11.94% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of ENGlobal from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd.

Shares of ENG traded down $0.02 during mid-day trading on Thursday, reaching $0.84. 1,000 shares of the stock traded hands, compared to its average volume of 185,367. The company has a market cap of $23.55 million, a price-to-earnings ratio of 21.01 and a beta of 1.35. ENGlobal has a 1 year low of $0.46 and a 1 year high of $1.55. The firm has a fifty day moving average price of $0.85 and a 200 day moving average price of $0.94. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.36.

ENGlobal Company Profile

ENGlobal Corporation provides engineering and professional services primarily to the energy industry in the United States and internationally. The company operates through two segments, Engineering, Procurement and Construction Management (EPCM); and Automation. The EPCM segment offers services relating to the development, management, and execution of projects requiring professional engineering and related project management services primarily to the energy industry, which include conceptual studies, project definition, cost estimating, engineering design, environmental compliance, material procurement, project management, and construction management.

Featured Article: Why do companies issue monthly dividends?

Receive News & Ratings for ENGlobal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENGlobal and related companies with MarketBeat.com's FREE daily email newsletter.