Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Sees Significant Decrease in Short Interest

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 324 shares, a decrease of 68.4% from the May 14th total of 1,025 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,996 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ENGGY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Enagas in a report on Friday, May 15th. Morgan Stanley restated an “underweight” rating on shares of Enagas in a research report on Tuesday, February 24th. Finally, BNP Paribas Exane upgraded Enagas to a “neutral” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Enagas Stock Up 0.7%

OTCMKTS ENGGY traded up $0.07 during trading on Friday, hitting $10.27. 5,749 shares of the stock traded hands, compared to its average volume of 3,025. The firm has a 50-day simple moving average of $9.85 and a 200-day simple moving average of $8.83. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.04 and a current ratio of 1.07. Enagas has a 12-month low of $7.42 and a 12-month high of $10.27.

Enagas Company Profile

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.