Short Interest in Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) Rises By 296.4%

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 42,017 shares, a growth of 296.4% from the August 15th total of 10,600 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 42,409 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley reissued an “underweight” rating on shares of Endesa in a research note on Wednesday, July 1st. Zacks Research lowered shares of Endesa from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, Citigroup reissued a “sell” rating on shares of Endesa in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Endesa currently has a consensus rating of “Strong Sell”.

Endesa Price Performance

Shares of ELEZY traded down $0.16 during mid-day trading on Friday, hitting $24.34. 17,825 shares of the company’s stock traded hands, compared to its average volume of 26,790. The business’s 50-day moving average price is $23.81 and its 200-day moving average price is $22.17. Endesa has a 1 year low of $15.36 and a 1 year high of $25.06.

Endesa Company Profile

Endesa, SA is a Spanish energy company engaged in the generation, distribution and sale of electricity, as well as the marketing of natural gas and related energy services. Its generation portfolio includes renewable energy, hydroelectric, nuclear and thermal power facilities, with the company continuing to expand its solar and wind capabilities as part of the energy transition.

Endesa serves residential, commercial and industrial customers primarily in Spain and Portugal. Through its distribution and retail operations, the company manages electricity networks, supplies energy and provides services related to energy efficiency, electric mobility and other customer energy needs.

Founded in 1944, Endesa has historically been one of Spain’s major electricity producers and has played a significant role in the development of the country’s power infrastructure.