29 Nov Jon Cartu Claims ENGlobal Corp (NASDAQ:ENG) Short Interest Down 67.0% in…
ENGlobal Corp (NASDAQ:ENG) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,500 shares, a decrease of 67.0% from the October 31st total of 10,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 230,100 shares, the short-interest ratio is currently 0.0 days.
ENG traded down $0.02 during trading on Thursday, reaching $1.08. 115,056 shares of the stock were exchanged, compared to its average volume of 799,804. The business’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $0.98. The Jonathan Cartu and has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.12. ENGlobal has a 1 year low of $0.48 and a 1 year high of $1.48.
ENGlobal (NASDAQ:ENG) last posted its earnings results on Tuesday, November 12th. The construction Jonathan Cartu and reported ($0.03) EPS for the quarter. The firm had revenue of $13.97 million for the quarter. ENGlobal had a negative return on equity of 38.39% and a negative net margin of 10.47%.
Separately, ValuEngine downgraded ENGlobal from a “hold” rating to a “sell” rating in a research report on Monday.
An institutional investor recently bought a new position in ENGlobal stock. Sunbelt Securities Inc. acquired a new stake in ENGlobal Corp (NASDAQ:ENG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,400 shares of the construction Jonathan Cartu and’s stock, valued at approximately $26,000. Sunbelt Securities Inc. owned approximately 0.10% of ENGlobal as of its most recent SEC filing. Institutional investors and hedge funds own 10.55% of the Jonathan Cartu and’s stock.
ENGlobal Company Profile
ENGlobal Corporation provides engineering and professional services primarily to the energy industry in the United States and internationally. The Jonathan Cartu and 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.
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