Short Interest in ENGlobal Co. (NASDAQ:ENG) Drops By 82.1%

ENGlobal Co. (NASDAQ:ENG) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,200 shares, a decline of 82.1% from the October 31st total of 6,700 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

ENGlobal Stock Performance

Shares of NASDAQ:ENG remained flat at $1.34 during mid-day trading on Wednesday. 20,011 shares of the company traded hands, compared to its average volume of 18,538. The firm’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.45. ENGlobal has a fifty-two week low of $1.01 and a fifty-two week high of $2.30.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of ENGlobal in a research note on Friday, November 22nd. They set a “sell” rating for the company.

ENGlobal Company Profile

ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates in two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services and fabrication relating to the development, management, and execution of projects requiring professional engineering and related project management services.