Kenon Holdings Ltd. (NYSE:KEN – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 12,400 shares, a decrease of 15.1% from the September 30th total of 14,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 9,400 shares, the short-interest ratio is currently 1.3 days.
Institutional Trading of Kenon
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Kenon by 150.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,800 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Kenon during the 2nd quarter valued at $2,317,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Kenon in the 2nd quarter worth $4,371,000. 13.38% of the stock is owned by institutional investors.
Kenon Stock Performance
Shares of NYSE:KEN traded up $0.39 on Thursday, hitting $28.60. 3,275 shares of the company were exchanged, compared to its average volume of 15,708. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.08 and a current ratio of 3.08. The company’s 50 day moving average price is $26.11 and its two-hundred day moving average price is $24.91. Kenon has a one year low of $17.84 and a one year high of $28.99. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -6.86 and a beta of 1.46.
Kenon Company Profile
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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