Enel Chile S.A. (NYSE:ENIC) Short Interest Up 73.7% in December

Enel Chile S.A. (NYSE:ENIC) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 508,593 shares, a growth of 73.7% from the November 30th total of 292,850 shares. Based on an average trading volume of 450,204 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 450,204 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENIC. Wall Street Zen upgraded Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, November 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Enel Chile to a “hold” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.30.

Enel Chile Price Performance

Enel Chile stock traded up $0.02 during mid-day trading on Friday, reaching $4.04. 157,721 shares of the company traded hands, compared to its average volume of 391,914. Enel Chile has a 52-week low of $2.82 and a 52-week high of $4.05. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 67.26 and a beta of 1.00. The firm’s 50 day moving average price is $3.86 and its 200 day moving average price is $3.66.

Enel Chile (NYSE:ENIC) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. On average, sell-side analysts anticipate that Enel Chile will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Enel Chile

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. grew its holdings in Enel Chile by 10.9% in the first quarter. Invesco Ltd. now owns 445,156 shares of the utilities provider’s stock worth $1,456,000 after purchasing an additional 43,648 shares during the period. Jump Financial LLC purchased a new stake in shares of Enel Chile in the 1st quarter worth approximately $34,000. B. Metzler seel. Sohn & Co. AG increased its position in Enel Chile by 3.7% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 112,515 shares of the utilities provider’s stock valued at $368,000 after buying an additional 4,000 shares in the last quarter. Vident Advisory LLC boosted its holdings in Enel Chile by 49.0% in the first quarter. Vident Advisory LLC now owns 619,130 shares of the utilities provider’s stock worth $2,025,000 after acquiring an additional 203,726 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Enel Chile by 4.6% in the first quarter. Royal Bank of Canada now owns 438,287 shares of the utilities provider’s stock worth $1,433,000 after acquiring an additional 19,092 shares during the last quarter. Institutional investors own 3.20% of the company’s stock.

About Enel Chile

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.