Enel SpA (OTCMKTS:ENLAY) Short Interest Update

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 333,544 shares, a growth of 132.4% from the November 30th total of 143,504 shares. Based on an average daily volume of 496,351 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 496,351 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENLAY. Morgan Stanley cut shares of Enel from an “overweight” rating to an “underweight” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada downgraded shares of Enel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. HSBC cut Enel from a “buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Sanford C. Bernstein lowered Enel from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Barclays reiterated an “overweight” rating on shares of Enel in a research report on Thursday, December 11th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Enel Stock Performance

Shares of ENLAY opened at $10.32 on Friday. Enel has a 1-year low of $6.84 and a 1-year high of $10.55. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.17. The firm’s 50-day moving average price is $10.17 and its 200-day moving average price is $9.58.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The company had revenue of $21.98 billion during the quarter, compared to analysts’ expectations of $18.81 billion. Enel had a return on equity of 12.66% and a net margin of 7.91%. As a group, equities analysts expect that Enel will post 0.71 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.