Short Interest in Enel SpA (OTCMKTS:ENLAY) Grows By 62.8%

Enel SpA (OTCMKTS:ENLAY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 390,284 shares, an increase of 62.8% from the June 30th total of 239,799 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 619,667 shares, the short-interest ratio is currently 0.6 days.

Enel Price Performance

Enel stock traded down $0.17 during midday trading on Friday, reaching $11.25. The company’s stock had a trading volume of 220,981 shares, compared to its average volume of 285,746. The firm has a market capitalization of $114.38 billion, a PE ratio of 14.80, a P/E/G ratio of 3.56 and a beta of 0.81. Enel has a fifty-two week low of $8.70 and a fifty-two week high of $12.13. The stock’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $11.21. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.80.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.93 billion. On average, equities research analysts forecast that Enel will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

ENLAY has been the topic of a number of research reports. Citigroup reissued a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enel presently has an average rating of “Reduce”.

About Enel

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.