Short Interest in Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Declines By 61.5%

Naturgy Energy Group, S.A. (OTCMKTS:GASNY – Get Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,500 shares, a drop of 61.5% from the April 15th total of 3,900 shares. Based on an average daily volume of 22,300 shares, the short-interest ratio is presently 0.1 days.

Shares of OTCMKTS GASNY traded down $0.08 during midday trading on Friday, reaching $5.34. 11,260 shares of the stock were exchanged, compared to its average volume of 15,785. The company has a 50 day simple moving average of $5.85 and a 200 day simple moving average of $5.81. Naturgy Energy Group has a twelve month low of $4.74 and a twelve month high of $6.70.

The company also recently declared a dividend, which was paid on Wednesday, April 6th. Stockholders of record on Friday, March 25th were issued a dividend of $0.0783 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a dividend yield of 3.57%.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Naturgy Energy Group from a “neutral” rating to an “underweight” rating in a research report on Friday, February 11th. Barclays increased their price target on Naturgy Energy Group from €24.70 ($26.00) to €26.40 ($27.79) in a research report on Friday, January 28th. UBS Group downgraded Naturgy Energy Group from a “neutral” rating to a “sell” rating in a research report on Friday, January 14th. Finally, Exane BNP Paribas lowered shares of Naturgy Energy Group from a “neutral” rating to an “underperform” rating and set a €22.70 ($23.89) target price on the stock. in a research note on Monday, February 14th. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average price target of $18.10.

Naturgy Energy Group Company Profile (Get Rating)

Naturgy Energy Group, SA, together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of natural gas. It operates through Energy and Network Management, Renewables and New Business, Supply, and Rest segments. The company engages in the regulated gas and electricity distribution; sale of liquefied natural gas and the sea transport business; management of the gas pipelines and conventional thermal generation facilities; and generation and sale of electricity through wind, mini-hydro, solar, and cogeneration sources, as well as provision of supply management services.

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