Short Interest in ENAGAS S A/ADR (OTCMKTS:ENGGY) Decreases By 47.6%

ENAGAS S A/ADR (OTCMKTS:ENGGYGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 18,700 shares, a decrease of 47.6% from the April 15th total of 35,700 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is presently 0.4 days.

ENGGY has been the topic of several recent analyst reports. Citigroup reaffirmed a “sell” rating on shares of ENAGAS S A/ADR in a report on Wednesday, February 23rd. Morgan Stanley upped their price target on shares of ENAGAS S A/ADR from €16.00 ($16.84) to €17.00 ($17.89) in a report on Friday, April 29th. Finally, UBS Group upped their price target on shares of ENAGAS S A/ADR from €18.90 ($19.89) to €19.60 ($20.63) and gave the company a “neutral” rating in a report on Wednesday, April 27th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus price target of $18.30.

Shares of OTCMKTS:ENGGY traded up $0.10 on Friday, reaching $10.73. 22,368 shares of the company’s stock were exchanged, compared to its average volume of 25,075. ENAGAS S A/ADR has a fifty-two week low of $10.07 and a fifty-two week high of $12.14. The business’s 50-day moving average is $11.02 and its two-hundred day moving average is $11.09. The company has a quick ratio of 3.23, a current ratio of 3.27 and a debt-to-equity ratio of 0.43.

About ENAGAS S A/ADR (Get Rating)

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.

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