Enel SpA (OTCMKTS:ENLAY) Short Interest Down 34.6% in November

Enel SpA (OTCMKTS:ENLAY) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 50,600 shares, a decrease of 34.6% from the October 31st total of 77,400 shares. Based on an average daily volume of 568,700 shares, the days-to-cover ratio is presently 0.1 days.

Enel Stock Performance

Shares of ENLAY traded up $0.09 during trading hours on Friday, hitting $7.16. 172,238 shares of the company were exchanged, compared to its average volume of 336,139. The firm has a fifty day simple moving average of $7.49 and a 200-day simple moving average of $7.34. Enel has a one year low of $6.04 and a one year high of $8.01.

Wall Street Analysts Forecast Growth

ENLAY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Enel in a research note on Wednesday, October 2nd. They issued a “hold” rating on the stock. Barclays raised Enel to a “strong-buy” rating in a research note on Friday, September 27th.

About Enel

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.