Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Short Interest Update

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 15,225 shares, a drop of 54.1% from the August 15th total of 33,197 shares. Based on an average trading volume of 37,861 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Several research analysts have recently commented on GASNY shares. Morgan Stanley raised Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. BNP Paribas Exane upgraded Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 21st. Oddo Bhf upgraded shares of Naturgy Energy Group to an “outperform” rating in a report on Thursday, September 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Naturgy Energy Group in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Naturgy Energy Group Price Performance

OTCMKTS GASNY traded up $0.11 on Wednesday, hitting $6.81. The stock had a trading volume of 11,389 shares, compared to its average volume of 56,491. The business’s fifty day moving average price is $6.69 and its 200 day moving average price is $6.43. Naturgy Energy Group has a 52-week low of $5.61 and a 52-week 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.