Enel SpA (OTCMKTS:ENLAY) Sees Large Growth in Short Interest

Enel SpA (OTCMKTS:ENLAY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 145,500 shares, an increase of 296.5% from the November 30th total of 36,700 shares. Based on an average daily volume of 851,500 shares, the days-to-cover ratio is currently 0.2 days.

Enel Stock Down 0.3 %

Shares of Enel stock traded down $0.02 on Friday, reaching $7.10. 2,407,386 shares of the company were exchanged, compared to its average volume of 349,733. Enel has a fifty-two week low of $6.04 and a fifty-two week high of $8.01. The stock has a fifty day moving average price of $7.25 and a 200-day moving average price of $7.33.

Enel Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ENLAY shares. Deutsche Bank Aktiengesellschaft started coverage on Enel in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock. Barclays raised shares of Enel to a “strong-buy” rating in a research note on Friday, September 27th.

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.