Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Short Interest Update

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 100,874 shares, an increase of 31.4% from the January 15th total of 76,789 shares. Based on an average daily volume of 95,354 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 95,354 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Enlight Renewable Energy

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Enlight Renewable Energy during the 4th quarter worth approximately $56,000. Savant Capital LLC purchased a new position in Enlight Renewable Energy in the 4th quarter worth approximately $241,000. Bank of Montreal Can grew its position in Enlight Renewable Energy by 6.4% in the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after acquiring an additional 660 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Enlight Renewable Energy by 6.0% during the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock valued at $258,000 after purchasing an additional 641 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENLT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $38.00 price target on shares of Enlight Renewable Energy in a research note on Wednesday, January 7th. Barclays raised their target price on shares of Enlight Renewable Energy from $34.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Monday, December 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $35.00 price target on shares of Enlight Renewable Energy in a research note on Monday, December 8th. Finally, UBS Group lifted their price target on shares of Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.83.

Enlight Renewable Energy Trading Up 1.2%

NASDAQ ENLT opened at $64.86 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.88 and a current ratio of 0.88. Enlight Renewable Energy has a one year low of $14.01 and a one year high of $65.82. The company’s 50 day moving average price is $50.50 and its 200 day moving average price is $38.34.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.