Eni SpA Short Interest Up 62.2% in May (E)
Eni SpA (NYSE:E) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,425,580 shares, a growth of 62.2% from the April 30th total of 878,676 shares, Stock Ratings News reports. Based on an average daily volume of 190,964 shares, the days-to-cover ratio is currently 7.5 days. Approximately 0.0% of the company’s stock are short sold.
E has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of Eni SpA in a research note on Thursday, May 29th. They set an “underperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Eni SpA in a research note on Thursday, April 10th. They now have a $53.00 price target on the stock. Finally, analysts at BNP Paribas upgraded shares of Eni SpA from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.92.
Shares of Eni SpA (NYSE:E) opened at 51.80 on Thursday. Eni SpA has a 1-year low of $39.65 and a 1-year high of $52.72. The stock’s 50-day moving average is $51.3 and its 200-day moving average is $48.70. The company has a market cap of $93.744 billion and a price-to-earnings ratio of 14.20.
Eni SpA (NYSE:E) last released its earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.92 by $0.02.
Eni SpA is an Italy-based multinational oil and gas company. It operates through seven segments. The Refining & Marketing segment focuses on refining and marketing of petroleum products.
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