Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Up ∞ in May

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,025 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 3,515 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Enagas Price Performance

OTCMKTS:ENGGY remained flat at $9.77 during trading hours on Tuesday. 728 shares of the company were exchanged, compared to its average volume of 2,411. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $9.69 and its 200-day moving average price is $8.73. Enagas has a one year low of $7.42 and a one year high of $10.11.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of Enagas in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Enagas in a research report on Friday, May 15th. Finally, BNP Paribas Exane upgraded Enagas to a “neutral” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Enagas presently has an average rating of “Reduce”.

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.