Enel SpA (OTCMKTS:ENLAY) Short Interest Down 42.1% in April

Enel SpA (OTCMKTS:ENLAYGet Rating) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 152,600 shares, a decrease of 42.1% from the April 15th total of 263,700 shares. Based on an average daily volume of 2,566,500 shares, the days-to-cover ratio is presently 0.1 days.

Shares of OTCMKTS ENLAY traded up $0.11 during mid-day trading on Friday, hitting $6.12. The company’s stock had a trading volume of 1,156,898 shares, compared to its average volume of 1,283,162. The stock has a market cap of $62.22 billion, a price-to-earnings ratio of 21.86 and a beta of 0.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.87 and a quick ratio of 0.82. Enel has a one year low of $5.89 and a one year high of $10.26. The company’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $7.23.

Several research firms have recently weighed in on ENLAY. Zacks Investment Research raised shares of Enel from a “sell” rating to a “hold” rating in a report on Friday, May 6th. UBS Group lowered their target price on shares of Enel from €9.50 ($10.00) to €9.00 ($9.47) in a report on Friday, April 29th. Jefferies Financial Group raised shares of Enel from a “hold” rating to a “buy” rating in a report on Thursday, March 24th. Morgan Stanley decreased their price objective on shares of Enel from €9.00 ($9.47) to €7.20 ($7.58) in a report on Friday, March 11th. Finally, Credit Suisse Group decreased their price objective on shares of Enel from €9.20 ($9.68) to €8.30 ($8.74) in a report on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $8.38.

Enel Company Profile (Get Rating)

Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines.

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