Enel SpA (OTCMKTS:ENLAY) Sees Significant Decline in Short Interest

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 50,600 shares, a decrease 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 Price Performance

Enel stock opened at $7.07 on Friday. The firm has a 50 day moving average price of $7.50 and a 200-day moving average price of $7.34. Enel has a twelve month low of $6.04 and a twelve month high of $8.01.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ENLAY shares. Barclays upgraded Enel to a “strong-buy” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Enel in a report on Wednesday, October 2nd. They set a “hold” rating on the stock.

About Enel

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.