Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Short Interest Up 7,688.5% in July

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 15,577 shares, an increase of 7,688.5% from the July 15th total of 200 shares. Based on an average daily trading volume, of 65,731 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

GASNY has been the topic of a number of analyst reports. BNP Paribas Exane raised shares of Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a report on Thursday, May 21st. Morgan Stanley raised Naturgy Energy Group to an “overweight” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Naturgy Energy Group in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, Naturgy Energy Group has an average rating of “Buy”.

Naturgy Energy Group Stock Down 1.6%

OTCMKTS:GASNY opened at $6.51 on Wednesday. The business’s 50-day moving average price is $6.54 and its two-hundred day moving average price is $6.31. Naturgy Energy Group has a twelve month low of $5.61 and a twelve month high of $6.97.

About Naturgy Energy Group

Naturgy Energy Group is a Madrid?based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long?term supply agreements and LNG trading.