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

Enel SpA (OTCMKTS:ENLAY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 299,100 shares, a growth of 105.6% from the December 31st total of 145,500 shares. Based on an average daily volume of 2,529,500 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Enel in a report on Wednesday, October 2nd. They set a “hold” rating for the company.

Enel Price Performance

Enel stock traded down $0.03 during midday trading on Wednesday, reaching $7.04. 397,701 shares of the company’s stock were exchanged, compared to its average volume of 589,725. Enel has a 52 week low of $6.04 and a 52 week high of $8.01. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 1.23. The stock’s 50-day simple moving average is $7.13 and its 200 day simple moving average is $7.35.

Enel (OTCMKTS:ENLAY) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.18 EPS for the quarter. The business had revenue of $20.77 billion for the quarter. On average, sell-side analysts forecast that Enel will post 0.73 earnings per share for the current year.

Enel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.2315 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This is a boost from Enel’s previous dividend of $0.12.

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.