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Short Interest in Enel Chile S.A. (NYSE:ENIC) Declines By 19.6%

kopsource · Aug 31, 2022 17:43

Enel Chile S.A. (NYSE:ENIC – Get Rating) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 949,300 shares, a decline of 19.6% from the July 31st total of 1,180,000 shares. Based on an average trading volume of 619,400 shares, the short-interest ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Enel Chile from a "d+" rating to a "c-" rating in a research note on Tuesday, August 9th.

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Enel Chile Stock Performance

ENIC stock traded down $0.05 during midday trading on Wednesday, reaching $1.65. The company had a trading volume of 307,742 shares, compared to its average volume of 741,832. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.59 and a quick ratio of 0.58. Enel Chile has a 1 year low of $0.98 and a 1 year high of $2.68. The firm has a 50-day moving average price of $1.35 and a 200-day moving average price of $1.44.

Enel Chile (NYSE:ENIC – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The utilities provider reported ($0.01) EPS for the quarter. The business had revenue of $1.21 billion for the quarter.

Enel Chile Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, June 9th. Stockholders of record on Friday, May 20th were issued a $0.011 dividend. The ex-dividend date of this dividend was Thursday, May 19th.

Institutional Investors Weigh In On Enel Chile

A number of hedge funds have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC bought a new stake in Enel Chile during the 2nd quarter valued at $25,000. National Asset Management Inc. bought a new stake in Enel Chile during the 1st quarter valued at $32,000. Cibc World Market Inc. bought a new stake in Enel Chile during the 1st quarter valued at $37,000. Vident Investment Advisory LLC bought a new stake in Enel Chile during the 1st quarter valued at $43,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Enel Chile by 49.6% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 31,322 shares of the utilities provider's stock valued at $49,000 after buying an additional 10,380 shares during the last quarter. 2.60% of the stock is currently owned by institutional investors.

About Enel Chile

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Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation Business and Distribution Business segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.