Enel SpA (OTCMKTS:ENLAY – Get Rating) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 425,500 shares, a growth of 1,019.7% from the July 31st total of 38,000 shares. Based on an average trading volume of 1,925,300 shares, the short-interest ratio is currently 0.2 days.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ENLAY. Barclays dropped their target price on Enel from €9.20 ($9.39) to €8.50 ($8.67) and set an "overweight" rating on the stock in a report on Wednesday, June 22nd. HSBC lowered Enel from a "buy" rating to a "hold" rating in a research note on Friday, July 1st. DZ Bank downgraded Enel from a "buy" rating to a "hold" rating and set a €5.30 ($5.41) price target on the stock. in a research report on Thursday, August 4th. Royal Bank of Canada raised their target price on Enel from €9.25 ($9.44) to €9.75 ($9.95) in a report on Monday, June 13th. Finally, UBS Group lowered their price objective on Enel from €9.50 ($9.69) to €9.00 ($9.18) in a research report on Friday, April 29th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.15.
Get Enel alerts:Enel Stock Up 0.3 %
ENLAY stock opened at $4.92 on Friday. Enel has a twelve month low of $4.68 and a twelve month high of $9.22. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.29. The firm has a market cap of $49.97 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.66. The business has a 50 day moving average of $5.15 and a 200 day moving average of $6.04.
Enel Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 19th were paid a dividend of $0.1152 per share. The ex-dividend date of this dividend was Monday, July 18th. This represents a yield of 4.88%. Enel's dividend payout ratio is 75.00%.Enel Company Profile
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Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines.
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