Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) Sees Significant Decline in Short Interest

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 35,684 shares, a decrease of 40.6% from the September 15th total of 60,081 shares. Based on an average daily volume of 89,383 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Endesa Trading Down 0.0%

Shares of OTCMKTS ELEZY opened at $24.10 on Thursday. Endesa has a 12-month low of $16.71 and a 12-month high of $25.24. The stock has a fifty day moving average price of $24.17 and a 200 day moving average price of $22.83.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “underweight” rating on shares of Endesa in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Sell”.

About Endesa

Endesa, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, as well as the sale of natural gas and other energy services. Its generation portfolio includes renewable sources such as wind, solar and hydropower, in addition to conventional generation assets.

Founded in 1944, Endesa is one of Spain’s principal electricity companies. The company serves residential, commercial and industrial customers, with its core operations concentrated in Spain and additional activities in Portugal.