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

Enel SpA (OTCMKTS:ENLAY) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 77,400 shares, a drop of 29.6% from the October 15th total of 110,000 shares. Based on an average daily volume of 622,800 shares, the short-interest ratio is currently 0.1 days.

Enel Stock Performance

Shares of Enel stock traded up $0.06 during midday trading on Friday, reaching $7.10. The company had a trading volume of 455,690 shares, compared to its average volume of 288,833. The stock has a fifty day simple moving average of $7.65 and a 200 day simple moving average of $7.33. Enel has a 1-year low of $6.04 and a 1-year high of $8.01.

Analysts Set New Price Targets

ENLAY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Enel in a report on Wednesday, October 2nd. They set a “hold” rating for the company. Barclays raised Enel to a “strong-buy” rating in a report on Friday, September 27th.

About Enel

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.