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

Enel Chile S.A. (NYSE:ENIC - Get Free Report) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 1,080,000 shares, a decrease of 14.3% from the January 31st total of 1,260,000 shares. Based on an average trading volume of 449,000 shares, the short-interest ratio is currently 2.4 days.

Institutional Trading of Enel Chile

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP increased its position in shares of Enel Chile by 2.7% during the fourth quarter. Brandes Investment Partners LP now owns 5,707,753 shares of the utilities provider's stock valued at $16,438,000 after acquiring an additional 152,430 shares during the last quarter. State Street Corp increased its position in Enel Chile by 0.6% in the third quarter. State Street Corp now owns 2,933,466 shares of the utilities provider's stock worth $8,184,000 after buying an additional 18,334 shares during the last quarter. Renaissance Technologies LLC increased its position in Enel Chile by 1.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,512,771 shares of the utilities provider's stock worth $7,237,000 after buying an additional 38,783 shares during the last quarter. Helikon Investments Ltd grew its position in shares of Enel Chile by 14.7% in the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock valued at $6,085,000 after purchasing an additional 270,545 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Enel Chile by 13.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,482,326 shares of the utilities provider's stock valued at $4,269,000 after purchasing an additional 172,383 shares in the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

ENIC has been the topic of several recent research reports. StockNews.com lowered Enel Chile from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Scotiabank lowered Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 target price on the stock. in a report on Friday, November 22nd.

Enel Chile Price Performance

Shares of ENIC stock traded up $0.03 during trading hours on Friday, reaching $3.32. The company had a trading volume of 545,506 shares, compared to its average volume of 592,773. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.49. The business has a fifty day simple moving average of $3.12 and a 200-day simple moving average of $2.88. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 5.43 and a beta of 1.12.

About Enel Chile

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.