Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Update

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 324 shares, a decrease of 68.4% from the May 14th total of 1,025 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,996 shares, the days-to-cover ratio is presently 0.0 days.

Enagas Trading Up 0.2%

OTCMKTS:ENGGY traded up $0.03 on Thursday, reaching $10.16. 2,157 shares of the stock traded hands, compared to its average volume of 2,943. The company’s 50 day moving average is $9.84 and its 200-day moving average is $8.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.04 and a current ratio of 1.07. Enagas has a 1-year low of $7.42 and a 1-year high of $10.20.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENGGY. BNP Paribas Exane raised shares of Enagas to a “neutral” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Enagas in a report on Friday, May 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Enagas in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Enagas Company Profile

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.