Enel SpA (OTCMKTS:ENLAY) Short Interest Down 29.6% in October

Enel SpA (OTCMKTS:ENLAY) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 77,400 shares, a decline of 29.6% from the October 15th total of 110,000 shares. Based on an average daily volume of 622,800 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

ENLAY has been the subject of several recent research reports. Barclays raised Enel to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enel in a research note on Wednesday, October 2nd. They issued a “hold” rating for the company.

Enel Price Performance

Shares of ENLAY stock traded up $0.06 during mid-day trading on Friday, reaching $7.10. The stock had a trading volume of 455,690 shares, compared to its average volume of 288,833. Enel has a one year low of $6.04 and a one year high of $8.01. The firm’s 50 day simple moving average is $7.65 and its 200 day simple moving average is $7.33.

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.