Short Interest in Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Increases By ∞

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,025 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 3,515 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

ENGGY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Enagas in a report on Friday, May 15th. BNP Paribas Exane raised Enagas to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Enagas in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Enagas currently has an average rating of “Reduce”.

Enagas Price Performance

OTCMKTS ENGGY traded down $0.03 on Monday, reaching $9.79. The company had a trading volume of 176 shares, compared to its average volume of 3,127. Enagas has a 12 month low of $7.42 and a 12 month high of $10.11. The firm’s 50 day moving average price is $9.66 and its 200 day moving average price is $8.72. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.04 and a current ratio of 1.07.

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.