Enel Chile S.A. (NYSE:ENIC) Short Interest Up 25.7% in January

Enel Chile S.A. (NYSE:ENIC) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 526,953 shares, a growth of 25.7% from the December 31st total of 419,265 shares. Based on an average daily volume of 643,604 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 643,604 shares, the short-interest ratio is currently 0.8 days.

Enel Chile Stock Down 0.8%

Shares of NYSE ENIC traded down $0.04 during mid-day trading on Wednesday, hitting $4.31. The company had a trading volume of 555,067 shares, compared to its average volume of 626,306. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51. The business’s 50-day simple moving average is $4.10 and its 200 day simple moving average is $3.80.

Institutional Trading of Enel Chile

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Banco BTG Pactual S.A. acquired a new position in shares of Enel Chile during the 2nd quarter worth about $4,389,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Enel Chile by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,080,312 shares of the utilities provider’s stock worth $4,343,000 after buying an additional 70,000 shares during the last quarter. Candriam S.C.A. boosted its stake in Enel Chile by 24.6% in the second quarter. Candriam S.C.A. now owns 928,000 shares of the utilities provider’s stock valued at $3,369,000 after acquiring an additional 183,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Enel Chile by 70.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider’s stock valued at $2,170,000 after purchasing an additional 246,530 shares during the period. Finally, Jump Financial LLC increased its position in Enel Chile by 5,592.9% during the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock worth $2,121,000 after buying an additional 573,940 shares during the period. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research report on Friday, December 12th. Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Zacks Research raised shares of Enel Chile to a “hold” rating in a research note on Monday, December 15th. Santander cut shares of Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.30.

Enel Chile Company Profile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.