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

Enel SpA (OTCMKTS:ENLAY - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 145,500 shares, a growth of 296.5% from the November 30th total of 36,700 shares. Based on an average trading volume of 851,500 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Enel in a research note on Wednesday, October 2nd. They issued a "hold" rating for the company. Barclays raised shares of Enel to a "strong-buy" rating in a research note on Friday, September 27th.

Enel Price Performance

Shares of OTCMKTS:ENLAY traded down $0.02 during midday trading on Thursday, hitting $7.10. The company had a trading volume of 402,697 shares, compared to its average volume of 341,470. The business's 50-day simple moving average is $7.28 and its 200-day simple moving average is $7.33. Enel has a twelve month low of $6.04 and a twelve month high of $8.01.

Enel Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.2315 per share. The ex-dividend date is Tuesday, January 21st. This is an increase from Enel's previous dividend of $0.12.

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.

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