Enel SpA (OTCMKTS:ENLAY) Short Interest Update

Enel SpA (OTCMKTS:ENLAY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 149,100 shares, a growth of 229.9% from the August 15th total of 45,200 shares. Based on an average daily volume of 293,600 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Enel from a “hold” rating to a “buy” rating in a research report on Friday, July 12th.

Enel Trading Up 0.4 %

OTCMKTS:ENLAY traded up $0.03 during trading hours on Thursday, reaching $7.83. The company had a trading volume of 725,712 shares, compared to its average volume of 286,923. The business’s 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $6.94. Enel has a twelve month low of $5.69 and a twelve month high of $7.83.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings data on Friday, July 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $20.77 billion for the quarter. Analysts expect that Enel will post 0.75 EPS for the current fiscal year.

Enel Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, July 23rd were given a $0.1248 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd.

About Enel

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.