Enel SpA (OTCMKTS:ENLAY) Short Interest Update

Enel SpA (OTCMKTS:ENLAY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 333,544 shares, an increase of 132.4% from the November 30th total of 143,504 shares. Based on an average daily trading volume, of 496,351 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 496,351 shares, the days-to-cover ratio is currently 0.7 days.

Enel Stock Up 0.1%

Shares of ENLAY stock traded up $0.01 during trading hours on Friday, hitting $10.32. 153,525 shares of the company were exchanged, compared to its average volume of 339,539. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $104.92 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 6.45 and a beta of 0.81. Enel has a one year low of $6.84 and a one year high of $10.55. The business’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $9.59.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $21.98 billion for the quarter, compared to analyst estimates of $18.81 billion. Enel had a net margin of 7.91% and a return on equity of 12.66%. Sell-side analysts predict that Enel will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ENLAY. Hsbc Global Res upgraded Enel to a “hold” rating in a research note on Tuesday, October 7th. HSBC cut shares of Enel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Morgan Stanley lowered Enel from an “overweight” rating to an “underweight” rating in a research report on Wednesday, December 3rd. Zacks Research cut Enel from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada lowered Enel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Enel Company Profile

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.