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

Enel Chile S.A. (NYSE:ENIC) saw a large 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 daily volume of 450,204 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 450,204 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

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

Enel Chile Trading Up 0.4%

ENIC stock traded up $0.02 on Friday, hitting $4.04. The company had a trading volume of 157,721 shares, compared to its average volume of 391,914. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 67.26 and a beta of 1.00. The stock’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.66. Enel Chile has a 12-month low of $2.82 and a 12-month high of $4.05.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. Research analysts forecast that Enel Chile will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Enel Chile

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC purchased a new position in shares of Enel Chile during the first quarter valued at about $34,000. Savant Capital LLC bought a new position in Enel Chile during the second quarter valued at approximately $37,000. Foster Group Inc. purchased a new position in Enel Chile during the 3rd quarter valued at approximately $42,000. Caprock Group LLC purchased a new stake in shares of Enel Chile during the 3rd quarter worth approximately $48,000. Finally, Inspire Investing LLC boosted its position in shares of Enel Chile by 43.2% during the 1st quarter. Inspire Investing LLC now owns 15,691 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 4,735 shares during the last quarter. Hedge funds and other 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.