Short Interest in Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Decreases By 62.9%

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 181 shares, a decline of 62.9% from the June 30th total of 488 shares. Based on an average trading volume of 2,729 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ENGGY. BNP Paribas Exane raised Enagas to a “neutral” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Enagas in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

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Enagas Stock Performance

Shares of Enagas stock opened at $9.95 on Monday. The business has a 50 day moving average of $9.86 and a 200 day moving average of $9.25. Enagas has a 52 week low of $7.42 and a 52 week high of $10.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.79 and a current ratio of 0.81.

Enagas Company Profile

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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.

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