Enel Chile S.A. (NYSE:ENIC) Short Interest Up 25.7% in January

Enel Chile S.A. (NYSE:ENIC) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 526,953 shares, a growth of 25.7% from the December 31st total of 419,265 shares. Based on an average daily volume of 643,604 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 643,604 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Enel Chile

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Enel Chile by 6.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,080,312 shares of the utilities provider’s stock worth $4,343,000 after acquiring an additional 70,000 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Enel Chile during the 4th quarter worth about $57,000. Hennion & Walsh Asset Management Inc. raised its position in Enel Chile by 183.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 251,731 shares of the utilities provider’s stock valued at $1,012,000 after purchasing an additional 163,022 shares in the last quarter. Tuttle Capital Management LLC purchased a new position in shares of Enel Chile in the 4th quarter valued at about $92,000. Finally, CWA Asset Management Group LLC increased its stake in shares of Enel Chile by 19.3% during the fourth quarter. CWA Asset Management Group LLC now owns 259,274 shares of the utilities provider’s stock worth $1,042,000 after buying an additional 41,949 shares during the period. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENIC has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research 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, January 21st. Zacks Research raised Enel Chile to a “hold” rating in a research report on Monday, December 15th. Finally, Santander cut shares of Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.30.

Enel Chile Price Performance

ENIC traded up $0.01 during mid-day trading on Tuesday, hitting $4.35. 877,753 shares of the stock were exchanged, compared to its average volume of 522,054. The firm’s fifty day moving average is $4.10 and its two-hundred day moving average is $3.80. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51.

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.