Los bajistas rompen la tregua en Enagás, que consolida en Bolsa

Enagás, a Spanish gas company, has broken the stalemate in the stock market, consolidating its recent gains. Throughout August, the company's stock remained in a flat trend, fluctuating between 16.67 and 17.02 euros. The stock has been consolidating a 28.4% increase accumulated throughout the year, hitting historic highs of 17.58 euros in July due to strong first-half results. However, recent activity suggests the stock is running out of steam.

In the current market scenario, hedge funds are once again active in Enagás, with Wellington Managment shorting 0.52% of its capital and Exodus Point increasing its short position to 0.81%. Millennium International Management has reduced its short position to 0.99% from 1.09% earlier. Despite these short positions, they still account for more than 5% of the total.

Enagás has reported a pre-tax profit of 118.6 million euros for the first half of 2026, slightly lower than the same period last year by 8%. This is in line with market expectations for the company to reach its annual target of 235 million euros. The company's dividend yield stands at around 6%, and analysts predict an upside potential of 3% from the current level to 17.40 euros, bringing the stock close to its July record high. Currently, 41.7% of analysts recommend buying Enagás, while 16.7% recommend selling.