Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Sees Large Increase in Short Interest

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,337 shares, an increase of 638.7% from the July 15th total of 181 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,168 shares, the short-interest ratio is currently 0.6 days.

Enagas Stock Performance

Shares of OTCMKTS ENGGY remained flat at $9.62 during mid-day trading on Thursday. The company had a trading volume of 1,032 shares, compared to its average volume of 2,910. Enagas has a 1 year low of $7.45 and a 1 year high of $10.29. The business has a 50-day simple moving average of $9.81 and a 200-day simple moving average of $9.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.79.

Analyst Ratings Changes

A number of analysts recently weighed in on ENGGY shares. BNP Paribas Exane raised shares of Enagas to a “neutral” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Enagas in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Enagas presently has a consensus rating of “Reduce”.

About Enagas

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.