Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 419,265 shares, a drop of 17.6% from the December 15th total of 508,593 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 417,320 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 417,320 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research firms have recently commented on ENIC. Morgan Stanley reiterated an “overweight” rating and issued a $4.30 price objective 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 note on Sunday, November 30th. Weiss Ratings reaffirmed 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 report on Monday, December 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.30.

Enel Chile Stock Performance

Shares of Enel Chile stock opened at $4.30 on Monday. The business has a 50 day moving average of $3.96 and a 200 day moving average of $3.72. Enel Chile has a 52 week low of $2.85 and a 52 week high of $4.41.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. As a group, equities research analysts forecast that Enel Chile will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Savant Capital LLC bought a new stake in shares of Enel Chile during the 2nd quarter valued at $37,000. Foster Group Inc. purchased a new position in Enel Chile during the 3rd quarter valued at about $42,000. Caprock Group LLC purchased a new stake in Enel Chile in the third quarter worth about $48,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Enel Chile during the third quarter valued at approximately $55,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Enel Chile in the 2nd quarter worth approximately $59,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Company Profile

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.