Short Interest in Enel Chile S.A. (NYSE:ENIC) Expands By 44.7%

Enel Chile S.A. (NYSE:ENIC - Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,260,000 shares, an increase of 44.7% from the January 15th total of 871,000 shares. Based on an average daily volume of 442,400 shares, the short-interest ratio is currently 2.8 days.

Enel Chile Stock Performance

Shares of NYSE:ENIC traded up $0.03 during midday trading on Monday, reaching $3.41. The company had a trading volume of 415,944 shares, compared to its average volume of 581,871. The company has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $2.82. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 5.58 and a beta of 1.12. Enel Chile has a 1-year low of $2.51 and a 1-year high of $3.42.

Enel Chile Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a dividend of $0.0463 per share. The ex-dividend date was Friday, January 17th. This is a positive change from Enel Chile's previous dividend of $0.03. Enel Chile's payout ratio is currently 36.07%.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered shares of Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 price target on the stock. in a research report on Friday, November 22nd.

Hedge Funds Weigh In On Enel Chile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENIC. Raiffeisen Bank International AG acquired a new stake in shares of Enel Chile during the fourth quarter worth approximately $950,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Enel Chile during the 4th quarter valued at $44,000. Millennium Management LLC grew its holdings in shares of Enel Chile by 10.1% during the 4th quarter. Millennium Management LLC now owns 669,763 shares of the utilities provider's stock valued at $1,929,000 after acquiring an additional 61,531 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Enel Chile by 9.0% in the fourth quarter. Lazard Asset Management LLC now owns 74,616 shares of the utilities provider's stock worth $214,000 after acquiring an additional 6,173 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in Enel Chile during the fourth quarter valued at $42,000. Institutional investors and hedge funds own 3.20% of the company's stock.

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.