Enersis Chile S.A. (ENIC) Sees Significant Growth in Short Interest
Enersis Chile S.A. (NYSE:ENIC) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 850,915 shares, a growth of 45.8% from the July 14th total of 583,736 shares. Based on an average daily trading volume, of 335,000 shares, the days-to-cover ratio is currently 2.5 days.
Several hedge funds and other institutional investors have recently modified their holdings of ENIC. Royal Bank of Canada acquired a new position in shares of Enersis Chile during the second quarter worth about $127,000. Citadel Advisors LLC acquired a new position in shares of Enersis Chile during the second quarter worth about $203,000. Vanguard Group Inc. boosted its position in shares of Enersis Chile by 0.4% in the second quarter. Vanguard Group Inc. now owns 3,811,153 shares of the utilities provider’s stock worth $20,961,000 after buying an additional 15,600 shares in the last quarter. Northern Trust Corp boosted its position in shares of Enersis Chile by 25.7% in the second quarter. Northern Trust Corp now owns 114,513 shares of the utilities provider’s stock worth $631,000 after buying an additional 23,427 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Enersis Chile by 7.4% in the second quarter. Alliancebernstein L.P. now owns 4,766,666 shares of the utilities provider’s stock worth $26,217,000 after buying an additional 330,380 shares in the last quarter. Hedge funds and other institutional investors own 9.02% of the company’s stock.
Shares of Enersis Chile (NYSE:ENIC) opened at 5.56 on Wednesday. Enersis Chile has a 12 month low of $4.25 and a 12 month high of $5.85. The company has a market capitalization of $5.46 billion, a PE ratio of 7.94 and a beta of -0.31. The firm’s 50-day moving average is $5.57 and its 200 day moving average is $5.39.
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Enersis Chile Company Profile
Enel Chile SA is a Chile-based electricity utility company. The Company, through its combined entities and affiliates, is engaged in the generation, transmission and distribution of electricity businesses. The Company’s segments include Generation, Distribution, and Other businesses and intercompany transaction adjustments.
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