Enel SpA (OTCMKTS:ENLAY) Sees Large Decline in Short Interest

Enel SpA (OTCMKTS:ENLAY) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 61,800 shares, a drop of 58.6% from the August 31st total of 149,100 shares. Based on an average trading volume of 670,300 shares, the short-interest ratio is presently 0.1 days.

Enel Stock Down 0.4 %

OTCMKTS:ENLAY traded down $0.03 during mid-day trading on Wednesday, hitting $7.84. The stock had a trading volume of 370,449 shares, compared to its average volume of 291,371. Enel has a twelve month low of $5.69 and a twelve month high of $7.97. The stock has a 50-day simple moving average of $7.39 and a two-hundred day simple moving average of $7.03.

Enel (OTCMKTS:ENLAY) last released its quarterly earnings data on Friday, July 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $20.77 billion for the quarter. As a group, equities research analysts predict that Enel will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Enel from a “hold” rating to a “buy” rating in a report on Friday, July 12th.

Enel Company Profile

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.