Enel SpA (OTCMKTS:ENLAY) Sees Significant Decrease in Short Interest

Enel SpA (OTCMKTS:ENLAY) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 36,700 shares, a decrease of 27.5% from the November 15th total of 50,600 shares. Based on an average daily volume of 779,100 shares, the short-interest ratio is currently 0.0 days.

Enel Trading Up 1.3 %

Shares of OTCMKTS:ENLAY traded up $0.09 on Friday, hitting $7.24. 1,035,667 shares of the company were exchanged, compared to its average volume of 300,658. The stock’s 50 day moving average price is $7.38 and its 200 day moving average price is $7.34. Enel has a 1-year low of $6.04 and a 1-year high of $8.01.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays upgraded Enel to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Enel in a research report on Wednesday, October 2nd. They issued a “hold” rating for the company.

Enel Company Profile

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.