ENAGAS SA/ADR (OTCMKTS:ENGGY) notes a significant increase in short-term interest

ENAGAS SA/ADR (OTCMKTS: ENGGY – Get Rating) was the target of a significant increase in short interest in May. As of May 31, there was short interest totaling 10,300 shares, an increase of 232.3% from the May 15 total of 3,100 shares. Based on an average daily volume of 38,100 shares, the short interest ratio is currently 0.3 days.

Shares of OTCMKTS:ENGGY traded down $0.22 at midday Friday, hitting $11.39. The company had a trading volume of 47,935 shares, compared to an average volume of 16,229. The company has a quick ratio of 3.23, a current ratio of 3.27 and a leverage ratio of 0.43. The stock’s fifty-day moving average price is $11.22 and its 200-day moving average price is $11.11. ENAGAS SA/ADR has a one-year low of $10.07 and a one-year high of $12.14.

A number of research companies have recently commented on ENGGY. Citigroup reissued a “sell” rating on ENAGAS SA/ADR shares in a Wednesday, February 23 research report. Morgan Stanley raised its price target on ENAGAS SA/ADR shares from €16.00 ($17.20) to €17.00 ($18.28) in a Friday, April 29 research report. Finally, the UBS group increased its target price on ENAGAS SA/ADR shares from €18.90 ($20.32) to €19.60 ($21.08) and assigned the share a rated “neutral” in a research report from Wednesday, April 27. Four equity research analysts gave the stock a sell rating and three gave the company’s stock a hold rating. Based on data from MarketBeat.com, ENAGAS SA/ADR has a consensus rating of “Sell” and an average price target of $18.30.

Company profile ENAGAS SA/ADR (Get a rating)

Enagás, SA deals with the development, operation and maintenance of gas infrastructures in Spain and abroad. The Company provides gas transportation services through pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and the secondary natural gas transmission network.

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