Naturgy Energy Group, S.A. (OTCMKTS:GASNY – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 15,577 shares, a growth of 7,688.5% from the July 15th total of 200 shares. Based on an average daily volume of 65,731 shares, the short-interest ratio is currently 0.2 days.
Naturgy Energy Group Stock Down 1.6%
Naturgy Energy Group stock traded down $0.10 during mid-day trading on Tuesday, reaching $6.51. 41,410 shares of the company were exchanged, compared to its average volume of 59,015. The business has a fifty day moving average of $6.55 and a 200 day moving average of $6.31. Naturgy Energy Group has a 12-month low of $5.61 and a 12-month high of $6.97.
Analysts Set New Price Targets
Several research firms have recently weighed in on GASNY. Morgan Stanley raised Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Naturgy Energy Group in a research report on Tuesday. Finally, BNP Paribas Exane raised shares of Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
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.
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