Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Shares Shorted: Short Interest Up 156.2% in September

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 38,999 shares, an increase of 156.2% from the August 31st total of 15,225 shares. Based on an average trading volume of 126,090 shares, the short-interest ratio is currently 0.3 days.

Naturgy Energy Group Price Performance

OTCMKTS:GASNY traded down $0.11 on Monday, reaching $6.50. The stock had a trading volume of 74,558 shares, compared to its average volume of 57,139. Naturgy Energy Group has a 12-month low of $5.61 and a 12-month high of $6.97. The firm’s fifty day moving average is $6.73 and its two-hundred day moving average is $6.47.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Naturgy Energy Group in a report on Tuesday, August 11th. Oddo Bhf raised shares of Naturgy Energy Group to an “outperform” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Naturgy Energy Group Company Profile

Naturgy Energy Group, SA is a Spanish multinational energy company engaged in the generation, distribution and sale of electricity and natural gas. Its activities include gas procurement and supply, electricity production, energy distribution networks and retail services for residential, commercial and industrial customers.

The company also develops renewable energy projects, including solar and wind power, as part of its broader transition toward lower-carbon energy. Naturgy operates primarily in Spain and has additional activities and infrastructure interests in selected markets across Latin America and other international regions.

The company was formed through the development of Spain’s natural gas industry and expanded significantly following the 2009 merger of Gas Natural and Unión Fenosa.