Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Up 392.6% in August

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,349 shares, an increase of 392.6% from the August 15th total of 1,492 shares. Based on an average daily trading volume, of 7,406 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the shares of the stock are short sold.

Enagas Stock Performance

Enagas stock opened at $9.63 on Friday. Enagas has a 52-week low of $7.45 and a 52-week high of $10.29. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average is $9.67 and its 200 day moving average is $9.59.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Enagas in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Enagas Company Profile

Enagás, SA is a Spain-based energy infrastructure company focused on the transmission, storage and regasification of natural gas. The company manages an extensive network of high-pressure gas pipelines, underground storage facilities and liquefied natural gas (LNG) regasification plants, which convert LNG back into gaseous form for delivery into the pipeline system.

Enagás serves as the Technical Manager of Spain’s gas system, helping coordinate the operation, security and reliability of the country’s gas infrastructure.