ENGlobal Co. (NASDAQ:ENG) Sees Large Decrease in Short Interest

ENGlobal Co. (NASDAQ:ENG) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,300 shares, a drop of 48.0% from the June 30th total of 2,500 shares. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

ENGlobal Trading Up 4.2 %

ENG traded up $0.08 during trading on Friday, hitting $1.99. The company’s stock had a trading volume of 80,336 shares, compared to its average volume of 19,207. The firm’s 50 day moving average price is $1.53 and its two-hundred day moving average price is $1.60. ENGlobal has a 12 month low of $1.01 and a 12 month high of $3.15.

ENGlobal (NASDAQ:ENG) last released its earnings results on Thursday, May 9th. The construction company reported ($0.27) EPS for the quarter. The firm had revenue of $6.53 million during the quarter. ENGlobal had a negative net margin of 31.57% and a negative return on equity of 9,826.93%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on ENGlobal in a research report on Thursday. They issued 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.