Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Short Interest Down 73.8% in May

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 21,510 shares, a decline of 73.8% from the May 14th total of 82,060 shares. Based on an average daily trading volume, of 250,199 shares, the short-interest ratio is currently 0.1 days.

Naturgy Energy Group Stock Performance

OTCMKTS:GASNY traded up $0.04 during mid-day trading on Thursday, hitting $6.80. 47,913 shares of the stock traded hands, compared to its average volume of 52,566. Naturgy Energy Group has a 52 week low of $5.61 and a 52 week high of $6.91. The firm’s 50 day moving average is $6.41 and its two-hundred day moving average is $6.14.

Analyst Upgrades and Downgrades

GASNY has been the subject of a number of recent research reports. Royal Bank Of Canada raised shares of Naturgy Energy Group from a “sector perform” rating to an “outperform” rating in a report on Tuesday, April 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. Morgan Stanley upgraded shares of Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded shares of Naturgy Energy Group from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

About Naturgy Energy Group

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.