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

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

Enel Stock Performance

Shares of OTCMKTS ENLAY traded down $0.17 during mid-day trading on Friday, hitting $11.26. The stock had a trading volume of 119,924 shares, compared to its average volume of 449,585. The company has a 50 day moving average of $11.33 and a two-hundred day moving average of $11.21. The firm has a market cap of $114.43 billion, a PE ratio of 14.81, a PEG ratio of 3.50 and a beta of 0.81. Enel has a twelve month low of $8.70 and a twelve month high of $12.13. 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 posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $26.61 billion. Research analysts predict that Enel will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ENLAY. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research report on Wednesday, July 1st. Citigroup reissued a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Enel currently has a consensus rating of “Reduce”.

Enel Company Profile

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.