Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 1,190,000 shares, an increase of 29.0% from the July 31st total of 922,300 shares. Based on an average daily trading volume, of 426,500 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Enel Chile in the 4th quarter worth approximately $197,000. Todd Asset Management LLC purchased a new stake in shares of Enel Chile in the 4th quarter valued at approximately $3,398,000. Astoria Portfolio Advisors LLC. acquired a new position in Enel Chile during the fourth quarter valued at $191,000. Capital Wealth Planning LLC increased its stake in Enel Chile by 267.4% in the 4th quarter. Capital Wealth Planning LLC now owns 257,155 shares of the utilities provider’s stock valued at $833,000 after buying an additional 187,155 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Enel Chile by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 31,264 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 6,839 shares in the last quarter. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Stock Down 1.4 %

Shares of NYSE:ENIC traded down $0.04 during midday trading on Friday, hitting $2.74. 1,621,446 shares of the company’s stock traded hands, compared to its average volume of 450,690. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market cap of $3.79 billion, a PE ratio of 5.27 and a beta of 1.17. The firm’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $2.91. Enel Chile has a twelve month low of $2.52 and a twelve month high of $3.53.

Enel Chile (NYSE:ENIC) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share for the quarter. The company had revenue of $1.35 billion during the quarter. Enel Chile had a net margin of 18.01% and a return on equity of 61.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.

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.