Short Interest in Enel SpA (OTCMKTS:ENLAY) Increases By 158.8%

Enel SpA (OTCMKTS:ENLAYGet Rating) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 394,900 shares, a growth of 158.8% from the April 30th total of 152,600 shares. Based on an average trading volume of 2,663,700 shares, the short-interest ratio is presently 0.1 days.

A number of equities research analysts have commented on the company. UBS Group reduced their price objective on Enel from €9.50 ($10.11) to €9.00 ($9.57) in a research note on Friday, April 29th. JPMorgan Chase & Co. dropped their price target on Enel from €9.20 ($9.79) to €9.00 ($9.57) in a report on Thursday, April 28th. Credit Suisse Group dropped their price target on Enel from €9.20 ($9.79) to €8.30 ($8.83) in a report on Thursday, February 24th. Morgan Stanley dropped their price target on Enel from €9.00 ($9.57) to €7.20 ($7.66) in a report on Friday, March 11th. Finally, Jefferies Financial Group upgraded Enel from a “hold” rating to a “buy” rating in a report on Thursday, March 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 company. According to, Enel currently has an average rating of “Buy” and a consensus price target of $8.38.

OTCMKTS:ENLAY opened at $6.60 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.87 and a quick ratio of 0.82. The business has a fifty day simple moving average of $6.47 and a two-hundred day simple moving average of $7.11. Enel has a 1 year low of $5.89 and a 1 year high of $9.94. The company has a market capitalization of $67.05 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.54 and a beta of 0.68.

About Enel (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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