AltaGas Ltd. (OTCMKTS:ATGFF – Get Free Report) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 3,321,800 shares, a growth of 6.6% from the January 15th total of 3,116,800 shares. Based on an average trading volume of 51,600 shares, the days-to-cover ratio is currently 64.4 days.
AltaGas Trading Down 1.0 %
Shares of AltaGas stock opened at $24.45 on Monday. The company has a 50-day simple moving average of $23.53 and a two-hundred day simple moving average of $24.25. AltaGas has a twelve month low of $19.42 and a twelve month high of $26.06.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. downgraded AltaGas from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd.
About AltaGas
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.
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