Enel Chile S.A. (NYSE:ENIC) Short Interest Up 33.0% in December

Enel Chile S.A. (NYSE:ENIC) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 999,100 shares, a growth of 33.0% from the December 15th total of 751,000 shares. Based on an average trading volume of 375,200 shares, the days-to-cover ratio is presently 2.7 days.

Enel Chile Stock Down 1.5 %

Shares of ENIC stock opened at $2.90 on Friday. The firm has a market cap of $4.00 billion, a PE ratio of 4.75 and a beta of 1.11. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.24. The company’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $2.78.

Enel Chile Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a $0.0463 dividend. This is a boost from Enel Chile’s previous dividend of $0.03. The ex-dividend date was Friday, January 17th. Enel Chile’s dividend payout ratio (DPR) is presently 34.43%.

Analyst Ratings Changes

Separately, Scotiabank lowered Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target on the stock. in a report on Friday, November 22nd.

Institutional Trading of Enel Chile

Several institutional investors and hedge funds have recently bought and sold shares of ENIC. Cubist Systematic Strategies LLC raised its position in Enel Chile by 1,114,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 11,147 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in Enel Chile in the 3rd quarter valued at about $52,000. Townsquare Capital LLC bought a new position in Enel Chile during the third quarter worth about $65,000. International Assets Investment Management LLC increased its position in Enel Chile by 179.0% during the third quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock worth $94,000 after buying an additional 21,706 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Enel Chile in the third quarter valued at approximately $100,000. Institutional investors 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.