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

Enel SpA (OTCMKTS:ENLAY) was the target of a significant decrease in short interest in 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. Based on an average trading volume of 1,671,873 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Enel Trading Down 0.4%

Shares of OTCMKTS:ENLAY traded down $0.04 during trading hours on Wednesday, hitting $10.02. 28,525 shares of the company’s stock traded hands, compared to its average volume of 501,424. Enel has a 1 year low of $9.62 and a 1 year high of $12.13. The business has a fifty day moving average price of $10.50 and a 200-day moving average price of $11.03. The firm has a market capitalization of $99.54 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.77. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.71 and a quick ratio of 0.63.

Enel (OTCMKTS:ENLAY) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.93 billion. Equities analysts expect that Enel will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Enel has a consensus rating of “Reduce”.

Enel Company Profile

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.