Kenon Holdings Ltd. (NYSE:KEN) Short Interest Down 16.4% in January

Kenon Holdings Ltd. (NYSE:KEN) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 39,686 shares, a drop of 16.4% from the January 15th total of 47,464 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 14,171 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 14,171 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Kenon

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Kenon during the 2nd quarter worth $32,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kenon by 24.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 610 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Kenon in the second quarter worth about $256,000. Wells Fargo & Company MN grew its position in Kenon by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,647 shares of the utilities provider’s stock worth $507,000 after acquiring an additional 350 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Kenon in the first quarter valued at about $254,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Stock Performance

KEN traded up $1.05 on Monday, reaching $79.16. The company had a trading volume of 16,447 shares, compared to its average volume of 14,144. The stock has a market cap of $4.13 billion, a P/E ratio of 102.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66. Kenon has a fifty-two week low of $27.10 and a fifty-two week high of $79.48. The company’s fifty day moving average is $68.59 and its 200 day moving average is $55.90.

Kenon (NYSE:KEN) last issued its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. Kenon had a negative return on equity of 2.81% and a net margin of 59.34%.The company had revenue of $265.00 million during the quarter.

Kenon Company Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.