Short Interest in Enel SpA (OTCMKTS:ENLAY) Rises By 132.4%

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 333,544 shares, a growth of 132.4% from the November 30th total of 143,504 shares. Based on an average daily volume of 496,351 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 496,351 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Several research firms have weighed in on ENLAY. Sanford C. Bernstein lowered shares of Enel from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Oddo Bhf cut Enel to a “neutral” rating in a report on Friday, November 14th. Hsbc Global Res raised Enel to a “hold” rating in a research note on Tuesday, October 7th. Barclays reaffirmed an “overweight” rating on shares of Enel in a research note on Thursday, December 11th. Finally, Morgan Stanley downgraded Enel from an “overweight” rating to an “underweight” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Enel currently has an average rating of “Reduce”.

Enel Stock Up 0.1%

ENLAY opened at $10.32 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.72 and a current ratio of 0.81. Enel has a 52 week low of $6.84 and a 52 week high of $10.55. The business has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $9.59.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $21.98 billion for the quarter, compared to analyst estimates of $18.81 billion. Enel had a return on equity of 12.66% and a net margin of 7.91%. On average, equities analysts predict that Enel will post 0.71 earnings per share for the current year.

About Enel

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.