Enel SpA (OTCMKTS:ENLAY) Short Interest Update

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 390,284 shares, a growth of 62.8% from the June 30th total of 239,799 shares. Based on an average trading volume of 619,667 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Enel in a research report on Tuesday, May 19th. Morgan Stanley restated an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Enel Price Performance

Shares of OTCMKTS ENLAY opened at $11.25 on Friday. The stock has a market cap of $114.38 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.51 and a beta of 0.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.80. Enel has a fifty-two week low of $8.70 and a fifty-two week high of $12.13. The firm’s 50-day simple moving average is $11.33 and its 200 day simple moving average is $11.21.

Enel (OTCMKTS:ENLAY) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate 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. As a group, research analysts anticipate that Enel will post 0.85 earnings per share for the current fiscal year.

About Enel

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.