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

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

Enel Trading Up 1.4 %

ENLAY traded up $0.10 during trading on Thursday, reaching $7.33. 445,635 shares of the company traded hands, compared to its average volume of 719,023. Enel has a 12-month low of $6.04 and a 12-month high of $8.01. The firm has a fifty day simple moving average of $7.12 and a 200 day simple moving average of $7.35. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 1.23.

Enel Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, February 12th. Shareholders 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 an increase from Enel’s previous dividend of $0.12.

Wall Street Analyst Weigh In

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

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.