Argan Inc (NYSE:AGX) Stock Is Shorted More

April 17, 2018 - By Maria Brooks

The stock of Argan Inc (NYSE:AGX) registered an increase of 5.45% in short interest. AGX’s total short interest was 555,100 shares in April as published by FINRA. Its up 5.45% from 526,400 shares, reported previously. With 197,500 shares average volume, it will take short sellers 3 days to cover their AGX’s short positions. The short interest to Argan Inc’s float is 4.41%.

The stock increased 1.72% or $0.65 during the last trading session, reaching $38.45. About 157,094 shares traded. Argan, Inc. (NYSE:AGX) has declined 40.73% since April 17, 2017 and is downtrending. It has underperformed by 52.28% the S&P500.

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, activities management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company has market cap of $598.58 million. The companyÂ’s Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, start-up, and operation services for approximately 76 facilities with approximately 14,500 megawatts of power-generating capacity. It has a 7.15 P/E ratio. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms.

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