Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Sees Large Decline in Short Interest

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 181 shares, a drop of 62.9% from the June 30th total of 488 shares. Based on an average daily volume of 2,729 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Enagas Price Performance

OTCMKTS:ENGGY opened at $9.94 on Wednesday. Enagas has a 1 year low of $7.42 and a 1 year high of $10.29. The firm’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $9.28. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Enagas in a report on Friday, May 15th. BNP Paribas Exane raised Enagas to a “neutral” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

About Enagas

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.