Enel SpA (OTCMKTS:ENLAY – Get Free Report) was the target of a significant 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 564,630 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Enel
An institutional investor recently bought a new position in Enel stock. X Square Capital LLC purchased a new position in shares of Enel SpA (OTCMKTS:ENLAY – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,127 shares of the utilities provider’s stock, valued at approximately $181,000.
Enel Stock Down 2.1%
ENLAY stock traded down $0.23 during mid-day trading on Friday, hitting $10.94. The stock had a trading volume of 176,122 shares, compared to its average volume of 442,739. Enel has a 1-year low of $8.97 and a 1-year high of $12.13. The company has a fifty day moving average of $11.36 and a 200 day moving average of $11.25. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $111.21 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 3.48 and a beta of 0.81.
Wall Street Analyst Weigh In
Several research analysts have weighed in on ENLAY shares. Morgan Stanley reiterated an “underweight” rating on shares of Enel in a research note on Wednesday, July 1st. Citigroup reissued a “neutral” rating on shares of Enel in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Enel has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on Enel
About Enel
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.
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