Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Update

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 324 shares, a drop of 68.4% from the May 14th total of 1,025 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,996 shares, the days-to-cover ratio is currently 0.0 days.

Enagas Stock Performance

OTCMKTS:ENGGY traded up $0.03 during trading hours on Thursday, hitting $10.16. 2,157 shares of the company traded hands, compared to its average volume of 2,943. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.07 and a quick ratio of 1.04. The firm’s 50-day simple moving average is $9.84 and its 200-day simple moving average is $8.81. Enagas has a one year low of $7.42 and a one year high of $10.20.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BNP Paribas Exane raised shares of Enagas to a “neutral” rating in a research report on Tuesday, April 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Enagas in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Enagas in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.