Short Interest in Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Declines By 73.8%

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 21,510 shares, a drop of 73.8% from the May 14th total of 82,060 shares. Based on an average trading volume of 250,199 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

GASNY has been the subject of a number of recent research reports. BNP Paribas Exane raised shares of Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley raised Naturgy Energy Group to an “overweight” rating in a report on Thursday, May 21st. The Goldman Sachs Group upgraded Naturgy Energy Group from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Royal Bank Of Canada raised Naturgy Energy Group from a “sector perform” rating to an “outperform” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, Naturgy Energy Group presently has an average rating of “Buy”.

Naturgy Energy Group Stock Up 0.6%

GASNY traded up $0.04 on Thursday, hitting $6.80. 47,913 shares of the company’s stock traded hands, compared to its average volume of 52,566. The company’s 50 day simple moving average is $6.41 and its 200-day simple moving average is $6.14. Naturgy Energy Group has a one year low of $5.61 and a one year high of $6.91.

About Naturgy Energy Group

Naturgy Energy Group is a Madrid‐based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long‐term supply agreements and LNG trading.