Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Down 99.9% in January

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1 shares, a decrease of 99.9% from the December 31st total of 896 shares. Based on an average daily trading volume, of 4,638 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 4,638 shares, the days-to-cover ratio is presently 0.0 days.

Enagas Trading Up 1.6%

ENGGY stock traded up $0.13 during mid-day trading on Thursday, reaching $8.29. 807 shares of the company traded hands, compared to its average volume of 2,854. Enagas has a 52-week low of $6.13 and a 52-week high of $8.44. The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $7.93 and a 200-day moving average price of $7.86.

Wall Street Analyst Weigh In

Several analysts have recently commented on ENGGY shares. Deutsche Bank Aktiengesellschaft downgraded shares of Enagas to a “sell” rating in a report on Monday, January 19th. Citigroup downgraded Enagas from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.