Enel Chile S.A. (NYSE:ENIC) Short Interest Up 72.4% in July

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,255,409 shares, a growth of 72.4% from the June 30th total of 728,152 shares. Based on an average daily volume of 505,026 shares, the short-interest ratio is currently 2.5 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

ENIC has been the subject of several analyst reports. Scotiabank raised shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Friday, July 17th. Btg Pactual set a $5.00 target price on Enel Chile in a report on Friday, May 8th. Wall Street Zen downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Itau BBA Securities cut shares of Enel Chile to a “market perform” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Enel Chile presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.65.

Institutional Investors Weigh In On Enel Chile

Hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners grew its holdings in shares of Enel Chile by 320.4% in the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 5,832 shares during the period. Eastern Bank bought a new position in Enel Chile in the second quarter valued at about $33,000. Cibc World Market Inc. purchased a new position in Enel Chile in the fourth quarter worth about $40,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Enel Chile during the 1st quarter valued at about $41,000. Finally, SmartHarvest Portfolios LLC bought a new stake in Enel Chile during the first quarter valued at approximately $43,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

Shares of Enel Chile stock opened at $4.45 on Friday. The company has a 50-day simple moving average of $4.39 and a two-hundred day simple moving average of $4.30. Enel Chile has a 52-week low of $3.12 and a 52-week high of $4.74. The stock has a market capitalization of $6.16 billion, a PE ratio of 11.42 and a beta of 1.02.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.10%.The business had revenue of $1.07 billion for the quarter. As a group, equities research analysts forecast that Enel Chile will post 0.46 EPS for the current fiscal year.

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.