Short Interest in AltaGas Ltd. (OTCMKTS:ATGFF) Decreases By 9.7%

AltaGas Ltd. (OTCMKTS:ATGFF) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,761,100 shares, a decline of 9.7% from the November 15th total of 4,165,600 shares. Based on an average trading volume of 332,700 shares, the short-interest ratio is presently 11.3 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut AltaGas from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

AltaGas Stock Down 0.0 %

Shares of OTCMKTS ATGFF opened at $22.83 on Tuesday. AltaGas has a 1-year low of $19.40 and a 1-year high of $26.06. The business’s fifty day moving average price is $24.39 and its two-hundred day moving average price is $23.97.

AltaGas Company Profile

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.