Enel Chile S.A. (NYSE:ENIC) Sees Large Increase in Short Interest

Enel Chile S.A. (NYSE:ENIC - Get Free Report) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 1,190,000 shares, a growth of 29.0% from the July 31st total of 922,300 shares. Based on an average daily volume of 426,500 shares, the days-to-cover ratio is currently 2.8 days.

Enel Chile Stock Performance

Shares of NYSE ENIC traded down $0.04 during trading on Friday, reaching $2.74. 1,621,446 shares of the company traded hands, compared to its average volume of 450,690. The firm's fifty day simple moving average is $2.80 and its 200 day simple moving average is $2.91. The stock has a market cap of $3.79 billion, a P/E ratio of 5.27 and a beta of 1.17. Enel Chile has a 12-month low of $2.52 and a 12-month high of $3.53. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05.

Enel Chile (NYSE:ENIC - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.08 earnings per share for the quarter. The business had revenue of $1.35 billion during the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Enel Chile from a "hold" rating to a "buy" rating in a research note on Friday, August 9th.

Hedge Funds Weigh In On Enel Chile

A number of institutional investors have recently modified their holdings of ENIC. Wealthstream Advisors Inc. purchased a new position in shares of Enel Chile in the 2nd quarter valued at about $29,000. Inspire Investing LLC purchased a new position in shares of Enel Chile in the 1st quarter valued at about $32,000. Cubist Systematic Strategies LLC increased its stake in shares of Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 11,147 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Enel Chile in the 1st quarter valued at about $36,000. Finally, Janiczek Wealth Management LLC increased its stake in shares of Enel Chile by 161.9% in the 1st quarter. Janiczek Wealth Management LLC now owns 14,344 shares of the utilities provider's stock valued at $44,000 after purchasing an additional 8,868 shares in the last quarter. Hedge funds and other institutional investors own 3.20% of the company's stock.

Enel Chile Company Profile

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.