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

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 181 shares, a decrease of 62.9% from the June 30th total of 488 shares. Based on an average daily volume of 2,729 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BNP Paribas Exane upgraded Enagas to a “neutral” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Enagas in a research report on Friday, May 15th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Enagas Price Performance

Shares of ENGGY remained flat at $9.94 during mid-day trading on Tuesday. 161 shares of the stock traded hands, compared to its average volume of 1,774. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 1.11. Enagas has a 12 month low of $7.42 and a 12 month high of $10.29. The stock has a 50 day moving average of $9.86 and a 200-day moving average of $9.27.

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.