Enel SpA (OTCMKTS:ENLAY) Short Interest Update

Enel SpA (OTCMKTS:ENLAY) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 95,372 shares, a drop of 75.6% from the July 15th total of 390,284 shares. Based on an average daily volume of 564,630 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Enel Stock Up 0.2%

Shares of Enel stock traded up $0.02 during midday trading on Thursday, hitting $11.17. The company’s stock had a trading volume of 281,402 shares, compared to its average volume of 444,151. The firm has a market capitalization of $113.56 billion, a P/E ratio of 14.51, a PEG ratio of 3.54 and a beta of 0.81. The stock has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $11.25. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.16. Enel has a 1-year low of $8.97 and a 1-year high of $12.13.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.93 billion. As a group, sell-side analysts expect that Enel will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On Enel

An institutional investor recently bought a new position in Enel stock. X Square Capital LLC purchased a new position in Enel SpA (OTCMKTS:ENLAY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,127 shares of the utilities provider’s stock, valued at approximately $181,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley restated an “underweight” rating on shares of Enel in a report on Wednesday, July 1st. Citigroup reiterated a “neutral” rating on shares of Enel in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Enel Company Profile

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel’s business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.