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

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 333,544 shares, a growth of 132.4% from the November 30th total of 143,504 shares. Based on an average daily trading volume, of 496,351 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 496,351 shares, the short-interest ratio is presently 0.7 days.

Enel Stock Up 0.1%

Shares of OTCMKTS:ENLAY opened at $10.32 on Friday. The company’s 50-day moving average is $10.17 and its 200 day moving average is $9.58. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.81 and a quick ratio of 0.72. Enel has a fifty-two week low of $6.84 and a fifty-two week high of $10.55.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $21.98 billion during the quarter, compared to the consensus estimate of $18.81 billion. Enel had a return on equity of 12.66% and a net margin of 7.91%. Equities analysts forecast that Enel will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ENLAY shares. Royal Bank Of Canada lowered Enel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. Zacks Research downgraded Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barclays reissued an “overweight” rating on shares of Enel in a research report on Thursday, December 11th. Morgan Stanley downgraded shares of Enel from an “overweight” rating to an “underweight” rating in a report on Wednesday, December 3rd. Finally, HSBC downgraded shares of Enel from a “buy” rating to a “hold” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Enel Company Profile

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.