Short Interest in Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Drops By 68.4%

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 324 shares, a decrease of 68.4% from the May 14th total of 1,025 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,996 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ENGGY shares. Deutsche Bank Aktiengesellschaft reaffirmed 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 report on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Enagas in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Enagas Stock Performance

Shares of Enagas stock traded up $0.07 during trading hours on Friday, reaching $10.27. The company had a trading volume of 5,749 shares, compared to its average volume of 2,546. Enagas has a one year low of $7.42 and a one year high of $10.27. The business has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $8.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.07 and a quick ratio of 1.04.

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.