Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Stock Short Interest Jumps 252.2%

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 137,343 shares, a growth of 252.2% from the September 15th total of 38,999 shares. Based on an average daily trading volume, of 138,231 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of research firms have recently commented on GASNY. Oddo Bhf upgraded Naturgy Energy Group to an “outperform” rating in a report on Thursday, September 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Naturgy Energy Group in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Naturgy Energy Group Stock Performance

Shares of GASNY stock traded down $0.02 during mid-day trading on Friday, reaching $6.64. The company’s stock had a trading volume of 112,767 shares, compared to its average volume of 58,584. The company’s 50 day simple moving average is $6.70 and its 200-day simple moving average is $6.52. Naturgy Energy Group has a 12-month low of $5.61 and a 12-month high of $6.97.

Naturgy Energy Group Company Profile

Naturgy Energy Group, SA is a Spanish multinational energy company engaged in the generation, distribution and sale of electricity and natural gas. Its activities include gas procurement and supply, electricity production, energy distribution networks and retail services for residential, commercial and industrial customers.

The company also develops renewable energy projects, including solar and wind power, as part of its broader transition toward lower-carbon energy. Naturgy operates primarily in Spain and has additional activities and infrastructure interests in selected markets across Latin America and other international regions.

The company was formed through the development of Spain’s natural gas industry and expanded significantly following the 2009 merger of Gas Natural and Unión Fenosa.