Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) Short Interest Update

Key Points

• Short interest in Enagas SA decreased by 20.5% in August, with total shares short dropping to 5,800 from 7,300 in July.
• The company plans to increase its dividend to $0.2379 per share, representing a yield of 438.0%, up from the previous $0.21.
• Enagas stock is currently trading around $7.70 with a debt-to-equity ratio of 0.42 and average historical prices reflecting stability.

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 5,800 shares, a decline of 20.5% from the July 31st total of 7,300 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 0.4 days.

Enagas Trading Up 1.0%

Shares of OTCMKTS:ENGGY traded up $0.08 during trading hours on Friday, hitting $7.77. 161 shares of the company's stock traded hands, compared to its average volume of 1,934. Enagas has a 1 year low of $5.91 and a 1 year high of $8.44. The business has a fifty day moving average price of $7.70 and a 200-day moving average price of $7.58. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 0.42.

Enagas Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, July 18th. Shareholders of record on Tuesday, July 8th were given a dividend of $0.2379 per share. This represents a dividend yield of 438.0%. This is a boost from Enagas's previous dividend of $0.21. The ex-dividend date was Monday, July 7th.

Enagas Company Profile

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.