Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 18,900 shares, a decrease of 20.9% from the December 15th total of 23,900 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.1% of the company's stock are short sold.
Kenon Stock Up 0.3 %
KEN traded up $0.09 during trading on Thursday, reaching $32.74. The company had a trading volume of 10,235 shares, compared to its average volume of 15,394. Kenon has a 12 month low of $19.63 and a 12 month high of $34.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The business's fifty day moving average price is $30.52 and its 200 day moving average price is $27.45. The company has a market cap of $1.76 billion, a P/E ratio of 10.23 and a beta of 1.41.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of KEN. Redhawk Wealth Advisors Inc. acquired a new stake in Kenon in the 4th quarter valued at $746,000. CWA Asset Management Group LLC grew its position in shares of Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock valued at $771,000 after purchasing an additional 4,632 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Kenon during the 3rd quarter worth approximately $1,136,000. Barclays PLC boosted its stake in Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock valued at $127,000 after purchasing an additional 4,445 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Kenon in the 3rd quarter valued at $365,000. 13.38% of the stock is owned by institutional investors and hedge funds.
Kenon Company Profile
(
Get Free Report)
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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