Enel Chile S.A. (NYSE:ENIC) Sees Significant Growth in Short Interest

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 633,063 shares, a growth of 21.0% from the February 26th total of 522,986 shares. Based on an average daily volume of 522,791 shares, the short-interest ratio is currently 1.2 days.

Enel Chile Trading Up 3.0%

Shares of NYSE:ENIC traded up $0.12 during trading on Tuesday, hitting $3.94. 772,490 shares of the company’s stock were exchanged, compared to its average volume of 597,765. The firm has a market cap of $5.44 billion, a P/E ratio of 9.84 and a beta of 0.98. The firm has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $3.99. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.18 billion for the quarter. Enel Chile had a net margin of 11.53% and a return on equity of 9.81%. As a group, research analysts predict that Enel Chile will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ENIC. Santander cut Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley reiterated 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 shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.30.

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENIC. Arax Advisory Partners raised its position in shares of Enel Chile by 320.4% during the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 5,832 shares during the period. Cibc World Market Inc. bought a new stake in Enel Chile during the 4th quarter worth approximately $40,000. MML Investors Services LLC acquired a new stake in Enel Chile during the 4th quarter worth approximately $43,000. Foster Group Inc. bought a new position in Enel Chile in the third quarter valued at approximately $42,000. Finally, TMB Capital Partners LLC acquired a new position in shares of Enel Chile in the fourth quarter valued at approximately $49,000. Institutional investors own 3.20% of the company’s stock.

About Enel Chile

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.