Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) Sees Large Drop in Short Interest

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 35,684 shares, a drop of 40.6% from the September 15th total of 60,081 shares. Based on an average daily trading volume, of 89,383 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Endesa Stock Performance

Endesa stock opened at $23.78 on Friday. The firm’s fifty day simple moving average is $24.15 and its 200-day simple moving average is $22.86. Endesa has a 1-year low of $16.71 and a 1-year high of $25.24.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “underweight” rating on shares of Endesa in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Sell”.

Endesa Company Profile

Endesa, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, as well as the sale of natural gas and other energy services. Its generation portfolio includes renewable sources such as wind, solar and hydropower, in addition to conventional generation assets.

Founded in 1944, Endesa is one of Spain’s principal electricity companies. The company serves residential, commercial and industrial customers, with its core operations concentrated in Spain and additional activities in Portugal.