Enel SpA (OTCMKTS:ENLAY) Short Interest Down 75.6% in July

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 95,372 shares, a decrease of 75.6% from the July 15th total of 390,284 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 564,630 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup restated a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. One 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 company presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Enel stock. X Square Capital LLC acquired a new stake in shares of Enel SpA (OTCMKTS:ENLAY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,127 shares of the utilities provider’s stock, valued at approximately $181,000.

Enel Stock Down 1.7%

ENLAY opened at $10.98 on Friday. The stock’s 50 day moving average price is $11.36 and its 200 day moving average price is $11.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.80 and a quick ratio of 0.72. The stock has a market cap of $111.63 billion, a P/E ratio of 14.26, a P/E/G ratio of 3.49 and a beta of 0.81. Enel has a 12 month low of $8.97 and a 12 month high of $12.13.

Enel (OTCMKTS:ENLAY) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.93 billion. As a group, research analysts predict that Enel will post 0.85 earnings per share for the current 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.