Short Interest in Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Drops By 99.9%

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1 shares, a drop of 99.9% from the December 31st total of 896 shares. Based on an average daily volume of 4,638 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 4,638 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Enagas to a “sell” rating in a research note on Monday, January 19th. Citigroup lowered Enagas from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Enagas Stock Performance

Shares of OTCMKTS:ENGGY traded up $0.04 during midday trading on Wednesday, hitting $8.17. 2,433 shares of the company’s stock traded hands, compared to its average volume of 2,808. The firm’s fifty day moving average price is $7.93 and its two-hundred day moving average price is $7.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.80 and a current ratio of 1.83. Enagas has a twelve month low of $6.13 and a twelve month high of $8.44.

Enagas Company Profile

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.