Enel SpA (OTCMKTS:ENLAY) Sees Significant Increase in Short Interest

Enel SpA (OTCMKTS:ENLAY) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 145,500 shares, an increase of 296.5% from the November 30th total of 36,700 shares. Based on an average trading volume of 851,500 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ENLAY shares. Barclays raised shares of Enel to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Enel in a research report on Wednesday, October 2nd. They issued a “hold” rating for the company.

Enel Trading Down 0.3 %

ENLAY traded down $0.02 on Thursday, hitting $7.10. 402,697 shares of the company were exchanged, compared to its average volume of 341,470. The firm has a 50-day moving average price of $7.28 and a two-hundred day moving average price of $7.33. Enel has a twelve month low of $6.04 and a twelve month high of $8.01.

Enel Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 21st will be paid a dividend of $0.2315 per share. This is a positive change from Enel’s previous dividend of $0.12. The ex-dividend date is Tuesday, January 21st.

Enel Company Profile

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.