Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Sees Significant Growth in Short Interest

Naturgy Energy Group, S.A. (OTCMKTS:GASNYGet Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 33,197 shares, an increase of 113.1% from the July 30th total of 15,577 shares. Based on an average daily volume of 48,676 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley raised shares of Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. BNP Paribas Exane upgraded Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Naturgy Energy Group in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

View Our Latest Analysis on GASNY

Naturgy Energy Group Trading Down 1.2%

Shares of OTCMKTS GASNY traded down $0.08 during trading hours on Friday, hitting $6.79. The company had a trading volume of 47,290 shares, compared to its average volume of 56,181. Naturgy Energy Group has a 1-year low of $5.61 and a 1-year high of $6.97. The firm’s 50 day moving average is $6.57 and its 200-day moving average is $6.37.

Naturgy Energy Group Company Profile

(Get Free Report)

Naturgy Energy Group is a Madrid‐based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long‐term supply agreements and LNG trading.

See Also

Receive News & Ratings for Naturgy Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Naturgy Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.