Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Stock Short Interest Jumps 252.2%

by · The Markets Daily

Naturgy Energy Group, S.A. (OTCMKTS:GASNY – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 137,343 shares, a growth of 252.2% from the September 15th total of 38,999 shares. Based on an average daily trading volume, of 138,231 shares, the short-interest ratio is presently 1.0 days.

Naturgy Energy Group Trading Down 0.3%

Shares of OTCMKTS GASNY traded down $0.02 on Friday, reaching $6.64. 112,767 shares of the company traded hands, compared to its average volume of 58,584. Naturgy Energy Group has a fifty-two week low of $5.61 and a fifty-two week high of $6.97. The company has a 50 day moving average of $6.70 and a 200 day moving average of $6.52.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Naturgy Energy Group in a research note on Tuesday, August 11th. Oddo Bhf raised Naturgy Energy Group to an “outperform” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, Naturgy Energy Group presently has a consensus rating of “Buy”.

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About Naturgy Energy Group

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Naturgy Energy Group, SA is a Spanish multinational energy company engaged in the generation, distribution and sale of electricity and natural gas. Its activities include gas procurement and supply, electricity production, energy distribution networks and retail services for residential, commercial and industrial customers.

The company also develops renewable energy projects, including solar and wind power, as part of its broader transition toward lower-carbon energy. Naturgy operates primarily in Spain and has additional activities and infrastructure interests in selected markets across Latin America and other international regions.

The company was formed through the development of Spain’s natural gas industry and expanded significantly following the 2009 merger of Gas Natural and Unión Fenosa.

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