Short Interest in Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Declines By 87.4%

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 896 shares, a decline of 87.4% from the December 15th total of 7,130 shares. Based on an average daily volume of 9,886 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 9,886 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Enagas from a “neutral” rating to a “sell” rating in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Enagas Trading Down 1.6%

Shares of OTCMKTS ENGGY opened at $7.86 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 1.80. The business’s 50 day moving average is $7.97 and its two-hundred day moving average is $7.85. Enagas has a 52-week low of $5.96 and a 52-week high of $8.44.

Enagas Company Profile

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.