Enlight Renewable Energy Ltd (NASDAQ:ENLT) Short Interest Down 11.3% in December

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 92,100 shares, a drop of 11.3% from the November 30th total of 103,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 15,300 shares, the short-interest ratio is currently 6.0 days.

Enlight Renewable Energy Trading Down 0.3 %

NASDAQ:ENLT traded down $0.05 during midday trading on Monday, reaching $17.15. 9,197 shares of the stock traded hands, compared to its average volume of 25,800. The stock has a market capitalization of $1.98 billion, a P/E ratio of 38.98 and a beta of 1.69. Enlight Renewable Energy has a 12 month low of $14.09 and a 12 month high of $19.57. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a fifty day moving average of $16.16 and a 200 day moving average of $16.06.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company's quarterly revenue was up 87.8% compared to the same quarter last year. On average, research analysts predict that Enlight Renewable Energy will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays boosted their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th.

Hedge Funds Weigh In On Enlight Renewable Energy

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock worth $1,751,000 after buying an additional 907 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock worth $308,000 after acquiring an additional 1,852 shares during the period. Advisors Asset Management Inc. raised its position in shares of 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 worth $241,000 after acquiring an additional 13,150 shares in the last quarter. Susquehanna International Group Ltd. purchased a new position in shares of Enlight Renewable Energy in the 2nd quarter valued at approximately $253,000. Finally, Barclays PLC lifted its stake in shares of Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares during the period. 38.89% of the stock is owned by hedge funds and other institutional investors.

About Enlight Renewable Energy

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.