Enphase Energy Inc (ENPH) Short Interest Update

Enphase Energy Inc (NASDAQ:ENPH) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 23,756,542 shares, a decline of 6.3% from the January 15th total of 25,356,675 shares. Based on an average trading volume of 2,155,547 shares, the days-to-cover ratio is currently 11.0 days. Approximately 33.2% of the company’s stock are short sold.

NASDAQ ENPH opened at $7.73 on Tuesday. The company has a debt-to-equity ratio of 21.18, a current ratio of 1.55 and a quick ratio of 1.42. The company has a market cap of $791.02 million, a P/E ratio of -14.33 and a beta of 1.39. Enphase Energy has a 52 week low of $2.32 and a 52 week high of $7.78.

Several research analysts recently commented on the stock. B. Riley set a $8.00 price objective on shares of Enphase Energy and gave the stock a “buy” rating in a research note on Wednesday, November 7th. BidaskClub lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. HC Wainwright set a $9.00 price objective on shares of Enphase Energy and gave the stock a “buy” rating in a research note on Tuesday, January 29th. ValuEngine upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, TheStreet upgraded shares of Enphase Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, November 28th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Enphase Energy presently has a consensus rating of “Buy” and a consensus price target of $7.21.



Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $38,000. Westside Investment Management Inc. increased its stake in Enphase Energy by 28.4% during the 4th quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 1,986 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Enphase Energy by 24.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 2,500 shares in the last quarter. LPL Financial LLC acquired a new position in Enphase Energy during the 4th quarter valued at approximately $66,000. Finally, Fisher Asset Management LLC acquired a new position in Enphase Energy during the 4th quarter valued at approximately $102,000. Hedge funds and other institutional investors own 39.13% of the company’s stock.

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About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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