Enel SpA (OTCMKTS:ENLAY) Sees Significant Increase in Short Interest

Enel SpA (OTCMKTS:ENLAY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 145,500 shares, an increase of 296.5% from the November 30th total of 36,700 shares. Based on an average trading volume of 851,500 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on ENLAY shares. Deutsche Bank Aktiengesellschaft started coverage on Enel in a report on Wednesday, October 2nd. They issued a “hold” rating for the company. Barclays upgraded shares of Enel to a “strong-buy” rating in a report on Friday, September 27th.

Enel Stock Performance

Shares of OTCMKTS:ENLAY traded down $0.02 during mid-day trading on Friday, hitting $7.10. The company had a trading volume of 2,407,386 shares, compared to its average volume of 349,733. The firm has a fifty day moving average price of $7.25 and a 200 day moving average price of $7.33. Enel has a one year low of $6.04 and a one year high of $8.01.

Enel Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 21st will be issued a $0.2315 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This is a positive change from Enel’s previous dividend of $0.12.

Enel Company Profile

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.