Short Interest in Enel SpA (OTCMKTS:ENLAY) Expands By 105.6%

Enel SpA (OTCMKTS:ENLAY) was the target of a large growth in short interest in the month of 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 trading volume of 2,529,500 shares, the days-to-cover ratio is presently 0.1 days.

Enel Stock Performance

Shares of ENLAY stock traded up $0.10 during trading hours on Thursday, hitting $7.33. The company’s stock had a trading volume of 445,635 shares, 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 company has a 50 day moving average of $7.12 and a 200 day moving average of $7.35. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 1.23.

Enel Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Enel in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Barclays upgraded 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.