Enagas SA (OTCMKTS:ENGGF) Sees Significant Drop in Short Interest

Enagas SA (OTCMKTS:ENGGF) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 761,400 shares, a drop of 8.7% from the September 30th total of 834,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 7,614.0 days.

Enagas Stock Performance

Shares of OTCMKTS ENGGF remained flat at $14.45 during midday trading on Thursday. The stock’s 50-day moving average price is $14.99 and its two-hundred day moving average price is $15.01. Enagas has a 12 month low of $13.50 and a 12 month high of $18.45.

About Enagas

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.