Short Interest in Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) Expands By 165.7%

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 32,018 shares, an increase of 165.7% from the April 15th total of 12,049 shares. Based on an average daily volume of 32,494 shares, the short-interest ratio is currently 1.0 days.

Endesa Trading Down 3.6%

Shares of Endesa stock opened at $20.94 on Friday. Endesa has a 12-month low of $14.33 and a 12-month high of $22.99. The company has a 50-day simple moving average of $21.26 and a 200 day simple moving average of $19.40.

Analysts Set New Price Targets

ELEZY has been the subject of several recent research reports. Berenberg Bank raised shares of Endesa to a “hold” rating in a research note on Wednesday, January 21st. Citigroup restated a “sell” rating on shares of Endesa in a report on Wednesday, February 4th. Zacks Research upgraded shares of Endesa from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Morgan Stanley restated an “underweight” rating on shares of Endesa in a report on Thursday, May 7th. Finally, Santander lowered shares of Endesa to an “underperform” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Endesa currently has an average rating of “Reduce”.

Endesa Company Profile

Endesa, SA is one of the leading electric utility companies in Spain, serving residential, commercial, and industrial customers. The company’s core activities include the generation, distribution and supply of electricity, along with the sale of natural gas. Endesa operates a diverse energy portfolio encompassing hydroelectric, nuclear, coal-fired and renewable power plants, reflecting a strategic commitment to decarbonization and the integration of green energy sources.

In electricity generation, Endesa manages an extensive network of power stations across Spain and Portugal, leveraging its scale to optimize production costs and ensure grid reliability.