Enel SpA (OTCMKTS:ENLAY) Stock Short Interest Jumps 590.4%

Enel SpA (OTCMKTS:ENLAY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 422,789 shares, an increase of 590.4% from the September 30th total of 61,234 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,352,834 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Enel presently has an average rating of “Reduce”.

Enel Stock Performance

Shares of Enel stock opened at $10.29 on Tuesday. Enel has a one year low of $9.62 and a one year high of $12.13. The firm has a market capitalization of $102.26 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.76 and a beta of 0.77. The business has a 50-day simple moving average of $10.33 and a 200 day simple moving average of $10.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.71 and a quick ratio of 0.63.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.93 billion. On average, research analysts anticipate that Enel will post 0.84 earnings per share for the current fiscal year.

About Enel

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Established in 1962, the group operates across the electricity and energy value chain, including power generation, electricity distribution, energy sales and related customer services.

Enel has a significant focus on renewable energy through technologies such as solar, wind, hydropower and geothermal generation. The company also develops energy-storage projects, electric-mobility infrastructure and digital energy solutions, while continuing to manage conventional generation assets in selected markets.

Through its distribution networks and retail businesses, Enel serves residential, commercial and industrial customers in several countries.