Enel Chile S.A. (NYSE:ENIC) Short Interest Up 52.1% in August

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,810,000 shares, a growth of 52.1% from the August 15th total of 1,190,000 shares. Based on an average daily trading volume, of 512,400 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Stock Performance

Shares of ENIC stock opened at $2.70 on Monday. The company has a market capitalization of $3.73 billion, a P/E ratio of 5.19 and a beta of 1.16. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.89. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. Enel Chile has a 12-month low of $2.51 and a 12-month high of $3.53.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion for the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%.

Hedge Funds Weigh In On Enel Chile

Hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP raised its holdings in shares of Enel Chile by 28.2% during the fourth quarter. Brandes Investment Partners LP now owns 3,586,182 shares of the utilities provider’s stock valued at $11,619,000 after acquiring an additional 789,016 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Enel Chile during the fourth quarter valued at approximately $3,398,000. Team Hewins LLC acquired a new position in shares of Enel Chile during the fourth quarter valued at approximately $198,000. Hantz Financial Services Inc. acquired a new position in shares of Enel Chile during the second quarter valued at approximately $786,000. Finally, Quadrature Capital Ltd raised its holdings in shares of Enel Chile by 23.6% during the fourth quarter. Quadrature Capital Ltd now owns 170,079 shares of the utilities provider’s stock valued at $549,000 after acquiring an additional 32,442 shares during the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Company Profile

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