Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Sees Large Decline in Short Interest

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 7,130 shares, a decline of 26.8% from the November 30th total of 9,740 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 5,831 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 5,831 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

Enagas Stock Down 1.7%

Shares of ENGGY stock opened at $7.58 on Monday. The stock’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $7.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 1.80. Enagas has a twelve month low of $5.91 and a twelve month high of $8.44.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Enagas from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Enagas

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.