Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Shares Shorted: Short Interest Up 156.2% in September

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 38,999 shares, a growth of 156.2% from the August 31st total of 15,225 shares. Based on an average trading volume of 126,090 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

GASNY has been the topic of several recent analyst reports. Oddo Bhf upgraded Naturgy Energy Group to an “outperform” rating in a research note on Thursday, September 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Naturgy Energy Group in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Naturgy Energy Group currently has an average rating of “Buy”.

Naturgy Energy Group Stock Down 1.0%

Shares of Naturgy Energy Group stock opened at $6.61 on Friday. The stock’s fifty day moving average is $6.73 and its 200 day moving average is $6.47. Naturgy Energy Group has a one year low of $5.61 and a one year high of $6.97.

About Naturgy Energy Group

Naturgy Energy Group, SA is a Spanish multinational energy company engaged in the generation, distribution and sale of electricity and natural gas. Its activities include gas procurement and supply, electricity production, energy distribution networks and retail services for residential, commercial and industrial customers.

The company also develops renewable energy projects, including solar and wind power, as part of its broader transition toward lower-carbon energy. Naturgy operates primarily in Spain and has additional activities and infrastructure interests in selected markets across Latin America and other international regions.

The company was formed through the development of Spain’s natural gas industry and expanded significantly following the 2009 merger of Gas Natural and Unión Fenosa.