Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Update

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 896 shares, a drop of 87.4% from the December 15th total of 7,130 shares. Based on an average daily volume of 9,886 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 9,886 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Enagas from a “neutral” rating to a “sell” rating in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Enagas has a consensus rating of “Sell”.

Enagas Stock Down 0.7%

ENGGY stock traded down $0.06 during trading on Monday, reaching $8.00. The stock had a trading volume of 2,869 shares, compared to its average volume of 4,210. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. Enagas has a one year low of $5.91 and a one year high of $8.44. The company’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.86.

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.