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

Endesa S.A. – Unsponsored ADR (OTCMKTS:ELEZY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 42,017 shares, an increase of 296.4% from the August 15th total of 10,600 shares. Based on an average daily volume of 42,409 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are short sold.

Endesa Price Performance

ELEZY opened at $24.34 on Monday. The stock’s 50-day moving average price is $23.81 and its 200 day moving average price is $22.20. Endesa has a 12-month low of $15.36 and a 12-month high of $25.06.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELEZY. Zacks Research lowered shares of Endesa from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Citigroup reiterated a “sell” rating on shares of Endesa in a report on Tuesday, May 19th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Endesa in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell”.

Endesa Company Profile

Endesa, SA is a Spanish energy company engaged in the generation, distribution and sale of electricity, as well as the marketing of natural gas and related energy services. Its generation portfolio includes renewable energy, hydroelectric, nuclear and thermal power facilities, with the company continuing to expand its solar and wind capabilities as part of the energy transition.

Endesa serves residential, commercial and industrial customers primarily in Spain and Portugal. Through its distribution and retail operations, the company manages electricity networks, supplies energy and provides services related to energy efficiency, electric mobility and other customer energy needs.

Founded in 1944, Endesa has historically been one of Spain’s major electricity producers and has played a significant role in the development of the country’s power infrastructure.