Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 18,900 shares, a drop of 20.9% from the December 31st total of 23,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is currently 1.8 days.
Institutional Investors Weigh In On Kenon
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Kenon by 3.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider's stock valued at $76,251,000 after acquiring an additional 97,256 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Kenon by 2.8% in the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock valued at $6,885,000 after acquiring an additional 5,705 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Kenon in the 3rd quarter valued at about $1,136,000. CWA Asset Management Group LLC increased its holdings in Kenon by 25.7% during the 4th 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 period. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Kenon during the 4th quarter valued at about $746,000. Institutional investors own 13.38% of the company's stock.
Kenon Price Performance
NYSE:KEN traded up $0.03 during trading hours on Monday, hitting $30.76. 7,218 shares of the company's stock traded hands, compared to its average volume of 13,568. The firm has a market cap of $1.66 billion, a P/E ratio of 9.61 and a beta of 1.39. Kenon has a 52 week low of $19.63 and a 52 week high of $34.33. The business's fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $27.99. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64.
Kenon (NYSE:KEN - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.
About Kenon
(
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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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