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

ENGlobal Co. (NASDAQ:ENG) was the recipient of 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 trading volume of 19,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

ENGlobal Price Performance

Shares of ENG stock traded up $0.00 during trading hours on Friday, reaching $1.34. The company’s stock had a trading volume of 11,272 shares, compared to its average volume of 18,507. The firm’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.44. ENGlobal has a one year low of $1.01 and a one year high of $2.30.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on ENGlobal in a research note on Friday, November 22nd. They issued a “sell” rating on the stock.

About ENGlobal

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.