Enel SpA (OTCMKTS:ENLAY) Short Interest Update

Key Points

• Short interest plunged 75.6% in July to 95,372 shares, representing 0.0% of Enel’s shares and only 0.2 days of average trading volume.
• X Square Capital LLC acquired a new 13,127-share stake in Enel during the second quarter, valued at approximately $181,000.
• Enel slightly exceeded quarterly earnings and revenue expectations, but analyst sentiment remains cautious: the stock has an average “Reduce” rating, with five Holds, two Sells, and one Buy.

Enel SpA (OTCMKTS:ENLAY - Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 95,372 shares, a decrease of 75.6% from the July 15th total of 390,284 shares. Based on an average trading volume of 564,630 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Enel stock. X Square Capital LLC acquired a new stake in shares of Enel SpA (OTCMKTS:ENLAY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,127 shares of the utilities provider's stock, valued at approximately $181,000.

Enel Price Performance

ENLAY stock traded up $0.02 during trading hours on Thursday, hitting $11.17. 281,402 shares of the stock traded hands, compared to its average volume of 444,151. The stock has a 50-day simple moving average of $11.36 and a 200 day simple moving average of $11.25. The company has a market cap of $113.56 billion, a P/E ratio of 14.51, a P/E/G ratio of 3.54 and a beta of 0.81. Enel has a one year low of $8.97 and a one year high of $12.13. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.16.

Enel (OTCMKTS:ENLAY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.93 billion. Equities analysts forecast that Enel will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENLAY. Morgan Stanley reaffirmed an "underweight" rating on shares of Enel in a report on Wednesday, July 1st. Citigroup reissued a "neutral" rating on shares of Enel in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce".

About Enel

Enel S.p.A. is a multinational energy company headquartered in Rome, Italy. It specializes in the generation, distribution and sale of electricity and gas, serving residential, commercial and industrial customers. Enel's business activities encompass both conventional thermal power plants and a growing portfolio of renewable energy assets, including wind, solar, hydroelectric and geothermal installations. The company also provides advanced energy management services, electric vehicle charging infrastructure and demand response solutions.

Founded in 1962 as a state-owned electricity provider, Enel underwent partial privatization starting in the late 1990s and was listed on the Milan Stock Exchange in 1999.

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