Enel SpA (OTCMKTS:ENLAY) Stock Short Interest Drops 46.7%

Enel SpA (OTCMKTS:ENLAY) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 61,234 shares, a decrease of 46.7% from the September 15th total of 114,879 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,671,873 shares, the days-to-cover ratio is currently 0.0 days.

Enel Stock Up 1.6%

OTCMKTS ENLAY traded up $0.16 on Thursday, hitting $10.16. 3,783,766 shares of the stock traded hands, compared to its average volume of 519,100. The company has a current ratio of 0.71, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average of $10.47 and a 200 day moving average of $11.03. Enel has a twelve month low of $9.62 and a twelve month high of $12.13. The company has a market capitalization of $100.97 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77.

Enel (OTCMKTS:ENLAY) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.93 billion. As a group, analysts expect that Enel will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley restated an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Enel Company Profile

Enel S.p.A. is an Italian multinational energy company headquartered in Rome. Established in 1962 as Italy’s national electricity authority, Enel was transformed into a joint-stock company and progressively expanded internationally following the liberalization of Italy’s electricity market. The company serves customers through operations spanning electricity generation, power distribution and energy retail.

Enel develops and operates renewable and conventional power-generation assets, with a strong focus on wind, solar, hydropower and geothermal energy.