Enel SpA (OTCMKTS:ENLAY) Short Interest Down 34.6% in November

Enel SpA (OTCMKTS:ENLAY) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 50,600 shares, a drop of 34.6% from the October 31st total of 77,400 shares. Based on an average daily volume of 568,700 shares, the days-to-cover ratio is presently 0.1 days.

Enel Stock Up 1.3 %

OTCMKTS:ENLAY traded up $0.09 on Friday, reaching $7.16. The company’s stock had a trading volume of 172,238 shares, compared to its average volume of 336,139. Enel has a 1-year low of $6.04 and a 1-year high of $8.01. The business’s 50-day moving average price is $7.49 and its two-hundred day moving average price is $7.34.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays raised Enel to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft began coverage on Enel in a research report on Wednesday, October 2nd. They issued a “hold” rating for the company.

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.