Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Short Interest Down 73.8% in May

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 21,510 shares, a drop of 73.8% from the May 14th total of 82,060 shares. Based on an average daily trading volume, of 250,199 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research firms have recently commented on GASNY. Royal Bank Of Canada upgraded Naturgy Energy Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. BNP Paribas Exane raised Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 21st. Morgan Stanley raised Naturgy Energy Group to an “overweight” rating in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded shares of Naturgy Energy Group from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, Naturgy Energy Group has an average rating of “Buy”.

Naturgy Energy Group Trading Down 0.3%

Shares of GASNY stock traded down $0.02 during trading on Friday, reaching $6.78. The company’s stock had a trading volume of 57,692 shares, compared to its average volume of 52,749. The stock’s 50-day moving average price is $6.44 and its 200 day moving average price is $6.15. Naturgy Energy Group has a 1-year low of $5.61 and a 1-year high of $6.91.

Naturgy Energy Group Company Profile

Naturgy Energy Group is a Madrid‐based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long‐term supply agreements and LNG trading.