Enel SpA (OTCMKTS:ENLAY) Sees Significant Drop in Short Interest

Enel SpA (OTCMKTS:ENLAY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 61,234 shares, a decrease of 46.7% from the September 15th total of 114,879 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,671,873 shares, the short-interest ratio is currently 0.0 days.

Enel Trading Down 0.4%

Shares of Enel stock traded down $0.04 on Wednesday, hitting $10.02. 28,525 shares of the company traded hands, compared to its average volume of 501,424. The stock’s 50 day moving average price is $10.50 and its 200-day moving average price is $11.03. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14. Enel has a 52 week low of $9.62 and a 52 week high of $12.13. The company has a market cap of $99.54 billion, a PE ratio of 13.01, a PEG ratio of 1.69 and a beta of 0.77.

Enel (OTCMKTS:ENLAY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Equities research analysts predict that Enel will post 0.84 EPS for the current year.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Enel has an average rating of “Reduce”.

Read Our Latest Report on ENLAY

About Enel

(Get Free Report)

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Established in 1962 as Italy’s national electricity authority, Enel was transformed into a joint-stock company and progressively expanded internationally following the liberalization of Italy’s electricity market. The company serves customers through operations spanning electricity generation, power distribution and energy retail.

Enel develops and operates renewable and conventional power-generation assets, with a strong focus on wind, solar, hydropower and geothermal energy.

Further Reading

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