Enel Chile S.A. (NYSE:ENIC) Shares Shorted: Short Interest Down 35.9% in September

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,029,468 shares, a drop of 35.9% from the September 15th total of 1,606,023 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 826,041 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Thursday. Itau BBA Securities lowered Enel Chile to a “market perform” rating in a report on Friday, July 10th. Finally, Bank of America initiated coverage on Enel Chile in a research report on Thursday. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENIC. Eastern Bank purchased a new stake in shares of Enel Chile during the 2nd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC bought a new position in shares of Enel Chile during the 1st quarter worth $41,000. Sanctuary Advisors LLC purchased a new stake in Enel Chile in the 1st quarter worth about $43,000. SmartHarvest Portfolios LLC purchased a new stake in Enel Chile in the 1st quarter worth about $43,000. Finally, OneAscent Investment Solutions LLC bought a new stake in Enel Chile in the 2nd quarter valued at about $65,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Price Performance

Shares of Enel Chile stock opened at $4.46 on Friday. The firm has a market cap of $6.18 billion, a PE ratio of 10.63 and a beta of 1.02. Enel Chile has a 1 year low of $3.62 and a 1 year high of $4.74. The stock has a fifty day moving average price of $4.39 and a 200-day moving average price of $4.39.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. The company had revenue of $1.07 billion for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. As a group, equities analysts anticipate that Enel Chile will post 0.48 EPS for the current fiscal year.

Enel Chile Company Profile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile’s activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.