Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Sees Significant Growth in Short Interest

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,180 shares, an increase of 336.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 3,867 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Oddo Bhf lowered Enagas to a “neutral” rating in a report on Wednesday, September 30th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Enagas Stock Performance

Shares of ENGGY opened at $9.76 on Wednesday. The company’s 50 day simple moving average is $9.50 and its 200-day simple moving average is $9.36. Enagas has a 12-month low of $7.45 and a 12-month high of $10.29.

About Enagas

Enagás, SA is a Spanish energy infrastructure company focused on the transportation, storage and regasification of natural gas. The company serves as Spain’s primary gas transmission system operator and technical manager of the national gas system, helping coordinate the flow of gas through the country’s infrastructure.

Its assets and activities include high-pressure gas transmission pipelines, liquefied natural gas regasification terminals and underground gas storage facilities. Enagás also develops infrastructure related to the energy transition, including projects involving renewable hydrogen, biomethane and other low-carbon gases.

Founded in 1972 and headquartered in Madrid, Enagás primarily operates in Spain and has developed an international presence through investments and infrastructure projects in selected European and Latin American markets.