AltaGas Ltd. (OTCMKTS:ATGFF – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,814,300 shares, a growth of 8.2% from the July 15th total of 1,677,500 shares. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 324.0 days.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on ATGFF shares. Royal Bank of Canada upped their price target on shares of AltaGas from C$33.00 to C$34.00 in a report on Friday, May 27th. Scotiabank upped their price objective on shares of AltaGas from C$31.00 to C$33.00 in a research note on Tuesday, April 19th. Raymond James upped their price objective on shares of AltaGas from C$34.50 to C$35.50 in a research note on Wednesday, July 6th. BMO Capital Markets upped their price objective on shares of AltaGas from C$36.00 to C$37.00 in a research note on Wednesday, July 6th. Finally, TD Securities upped their price objective on shares of AltaGas from C$33.00 to C$34.00 in a research note on Friday, May 27th.
Get AltaGas alerts:AltaGas Stock Up 1.2 %
Shares of OTCMKTS ATGFF opened at $22.74 on Monday. AltaGas has a 12 month low of $18.85 and a 12 month high of $24.83. The firm's 50 day simple moving average is $21.48 and its 200-day simple moving average is $22.17.
AltaGas Company Profile
(Get Rating)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 rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.
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