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

Enlight Renewable Energy Ltd (NASDAQ:ENLT) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 113,400 shares, an increase of 11.0% from the October 31st total of 102,200 shares. Based on an average daily volume of 8,200 shares, the short-interest ratio is presently 13.8 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

ENLT has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and set a $20.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th. Barclays boosted their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.

Enlight Renewable Energy Price Performance

NASDAQ ENLT traded up $0.20 during trading hours on Tuesday, hitting $16.34. 9,127 shares of the company’s stock traded hands, compared to its average volume of 25,770. The company has a market capitalization of $1.89 billion, a PE ratio of 37.02 and a beta of 1.69. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. Enlight Renewable Energy has a 52-week low of $14.09 and a 52-week high of $20.00. The firm’s 50-day moving average is $15.97 and its 200-day moving average is $16.21.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $83.09 million. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The business’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. Equities analysts forecast that Enlight Renewable Energy will post 0.15 EPS for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in Enlight Renewable Energy by 1,181.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after buying an additional 13,150 shares during the period. Tidal Investments LLC purchased a new stake in shares of Enlight Renewable Energy in the 1st quarter valued at approximately $254,000. Susquehanna International Group Ltd. acquired a new position in shares of Enlight Renewable Energy in the 2nd quarter worth approximately $253,000. Barclays PLC boosted its position in shares of Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after purchasing an additional 24,942 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy in the 3rd quarter valued at approximately $655,000. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.