Enel SpA (OTCMKTS:ENLAY) Sees Large Growth in Short Interest

Enel SpA (OTCMKTS:ENLAYGet Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 149,100 shares, a growth of 229.9% from the August 15th total of 45,200 shares. Based on an average trading volume of 293,600 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Enel from a “hold” rating to a “buy” rating in a research report on Friday, July 12th.

Read Our Latest Stock Analysis on ENLAY

Enel Stock Performance

Shares of ENLAY traded up $0.03 during mid-day trading on Friday, reaching $7.83. The company had a trading volume of 725,712 shares, compared to its average volume of 197,337. The firm has a 50-day moving average price of $7.31 and a 200 day moving average price of $6.94. Enel has a 52 week low of $5.69 and a 52 week high of $7.83.

Enel (OTCMKTS:ENLAYGet Free Report) last released its earnings results on Friday, July 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $20.77 billion for the quarter. Equities research analysts anticipate that Enel will post 0.75 earnings per share for the current fiscal year.

Enel Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, July 23rd were issued a $0.1248 dividend. The ex-dividend date was Tuesday, July 23rd.

Enel Company Profile

(Get Free Report)

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.

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