Short Interest in Enlight Renewable Energy Ltd (NASDAQ:ENLT) Expands By 104.9%

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 83,400 shares, a growth of 104.9% from the January 31st total of 40,700 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 20,500 shares, the short-interest ratio is currently 4.1 days.

Institutional Trading of Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently modified their holdings of ENLT. Edmond DE Rothschild Holding S.A. increased its position in Enlight Renewable Energy by 51.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock worth $32,000 after buying an additional 625 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Enlight Renewable Energy during the fourth quarter worth approximately $145,000. Jane Street Group LLC acquired a new position in Enlight Renewable Energy during the fourth quarter worth approximately $196,000. Advisors Asset Management Inc. increased its position in Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock worth $241,000 after buying an additional 13,150 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Enlight Renewable Energy by 11.3% during the third quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock worth $308,000 after buying an additional 1,852 shares during the last quarter. Institutional investors and hedge funds own 38.89% of the company's stock.

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Enlight Renewable Energy Stock Down 1.1 %

Shares of NASDAQ:ENLT traded down $0.19 during midday trading on Wednesday, reaching $16.61. The company had a trading volume of 3,712 shares, compared to its average volume of 15,662. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98. The business's 50 day moving average price is $16.88 and its 200 day moving average price is $16.34. The stock has a market cap of $1.92 billion, a PE ratio of 46.14 and a beta of 1.37. Enlight Renewable Energy has a 1-year low of $14.09 and a 1-year high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.17. The business had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. Research analysts forecast that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on ENLT shares. JPMorgan Chase & Co. lifted their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Barclays boosted their price target on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Wolfe Research lowered Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th.

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.