Kenon Holdings Ltd. (NYSE:KEN) Sees Significant Drop in Short Interest

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 12,400 shares, a decrease of 15.1% from the September 30th total of 14,600 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 1.3 days.

Kenon Trading Up 0.8 %

Kenon stock traded up $0.21 during trading on Tuesday, reaching $28.01. The company had a trading volume of 7,362 shares, compared to its average volume of 15,805. Kenon has a 12-month low of $17.64 and a 12-month high of $28.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.08 and a current ratio of 3.08. The stock's 50 day moving average price is $25.98 and its two-hundred day moving average price is $24.83. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -6.78 and a beta of 1.46.

Kenon (NYSE:KEN - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.02 EPS for the quarter. Kenon had a negative return on equity of 9.48% and a negative net margin of 10.61%. The business had revenue of $181.00 million during the quarter.

Hedge Funds Weigh In On Kenon

Large investors have recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in Kenon in the second quarter valued at approximately $4,371,000. Assenagon Asset Management S.A. acquired a new stake in shares of Kenon in the second quarter worth $2,317,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Kenon by 150.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider's stock valued at $80,000 after acquiring an additional 1,800 shares during the period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Kenon Company Profile

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.