Short Interest in Enel SpA (OTCMKTS:ENLAY) Increases By 11.0%

Enel SpA (OTCMKTS:ENLAY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 68,600 shares, a growth of 11.0% from the September 15th total of 61,800 shares. Based on an average trading volume of 559,100 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several analysts recently commented on ENLAY shares. Jefferies Financial Group raised shares of Enel from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft began coverage on Enel in a research note on Wednesday, October 2nd. They set a “hold” rating for the company. Finally, Barclays raised Enel to a “strong-buy” rating in a research report on Friday, September 27th.

Enel Trading Up 1.3 %

Shares of ENLAY opened at $7.77 on Tuesday. Enel has a one year low of $5.90 and a one year high of $8.01. The company has a 50-day moving average of $7.56 and a two-hundred day moving average of $7.14.

Enel (OTCMKTS:ENLAY) last released its earnings results on Friday, July 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $20.77 billion during the quarter. Equities analysts forecast that Enel will post 0.75 EPS for the current year.

Enel Company Profile

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.