Enterprise Group Stock Number Of Shares Shorted
| E Stock | CAD 1.82 0.03 1.68% |
Enterprise Group fundamentals help investors to digest information that contributes to Eni SPA's financial success or failures. It also enables traders to predict the movement of Eni Stock. The fundamental analysis module provides a way to measure Eni SPA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eni SPA stock.
Eni | Number Of Shares Shorted |
Enterprise Group Company Number Of Shares Shorted Analysis
Eni SPA's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Eni SPA Number Of Shares Shorted | 1.04 M |
Most of Eni SPA's fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Enterprise Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Eni Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for Eni SPA is extremely important. It helps to project a fair market value of Eni Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Eni SPA's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Eni SPA's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Eni SPA's interrelated accounts and indicators.
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If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Enterprise Group has 1.04 M of outstending shares currently sold short by investors. This is 66.54% lower than that of the Energy Equipment & Services sector and 60.71% lower than that of the Energy industry. The number of shares shorted for all Canada stocks is 77.91% higher than that of the company.
Eni Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eni SPA's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eni SPA could also be used in its relative valuation, which is a method of valuing Eni SPA by comparing valuation metrics of similar companies.Eni SPA is currently under evaluation in number of shares shorted category among its peers.
Eni SPA Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eni SPA from analyzing Eni SPA's financial statements. These drivers represent accounts that assess Eni SPA's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eni SPA's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.9M | 11.0M | 15.1M | 19.2M | 17.2M | 13.2M | |
| Enterprise Value | 23.2M | 24.0M | 29.0M | 33.6M | 30.2M | 24.5M |
Eni Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0917 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 156.79 M | ||||
| Shares Outstanding | 76.69 M | ||||
| Shares Owned By Insiders | 38.36 % | ||||
| Shares Owned By Institutions | 0.14 % | ||||
| Number Of Shares Shorted | 1.04 M | ||||
| Price To Earning | 52.86 X | ||||
| Price To Book | 2.57 X | ||||
| Price To Sales | 3.61 X | ||||
| Revenue | 33.5 M | ||||
| Gross Profit | 10.88 M | ||||
| EBITDA | 12.92 M | ||||
| Net Income | 6.17 M | ||||
| Cash And Equivalents | 1.06 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 25.7 M | ||||
| Debt To Equity | 19.50 % | ||||
| Current Ratio | 2.56 X | ||||
| Book Value Per Share | 0.82 X | ||||
| Cash Flow From Operations | 13.53 M | ||||
| Short Ratio | 2.50 X | ||||
| Earnings Per Share | 0.10 X | ||||
| Target Price | 3.45 | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 137.27 M | ||||
| Total Asset | 72.81 M | ||||
| Retained Earnings | (44.68 M) | ||||
| Working Capital | 9.16 M | ||||
| Annual Yield | 1.17 % | ||||
| Net Asset | 72.81 M |
About Eni SPA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enterprise Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eni SPA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enterprise Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Eni SPA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eni SPA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eni SPA will appreciate offsetting losses from the drop in the long position's value.Moving together with Eni Stock
| 0.75 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.62 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.66 | ENS | E Split Corp | PairCorr |
| 0.73 | ENS-PA | E Split Corp | PairCorr |
Moving against Eni Stock
The ability to find closely correlated positions to Eni SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eni SPA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eni SPA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enterprise Group to buy it.
The correlation of Eni SPA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eni SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eni SPA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Eni Stock
Eni SPA financial ratios help investors to determine whether Eni Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eni with respect to the benefits of owning Eni SPA security.