Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Sees Large Decline in Short Interest

Naturgy Energy Group, S.A. (OTCMKTS:GASNYGet Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 15,225 shares, a drop of 54.1% from the August 15th total of 33,197 shares. Based on an average daily volume of 37,861 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley raised shares of Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. BNP Paribas Exane raised shares of Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 21st. Oddo Bhf raised shares of Naturgy Energy Group to an “outperform” rating in a research report on Thursday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Naturgy Energy Group in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

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Naturgy Energy Group Price Performance

OTCMKTS GASNY opened at $6.79 on Monday. The firm has a 50 day simple moving average of $6.68 and a 200-day simple moving average of $6.42. Naturgy Energy Group has a one year low of $5.61 and a one year high of $6.97.

Naturgy Energy Group Company Profile

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Naturgy Energy Group is a Madrid‐based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long‐term supply agreements and LNG trading.

Further Reading

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