Enlight Renewable Energy Ltd (NASDAQ:ENLT) Sees Large Increase in Short Interest

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 122,900 shares, an increase of 47.4% from the February 13th total of 83,400 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 6.8 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Enlight Renewable Energy

Several institutional investors and hedge funds have recently bought and sold shares of ENLT. Advisors Asset Management Inc. raised its holdings in Enlight Renewable Energy by 1,181.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock worth $241,000 after buying an additional 13,150 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Enlight Renewable Energy by 4.2% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company's stock valued at $147,885,000 after purchasing an additional 353,750 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Enlight Renewable Energy in the 3rd quarter valued at about $655,000. Barclays PLC increased its holdings 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. Finally, Geode Capital Management LLC increased its holdings in shares of Enlight Renewable Energy by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock valued at $1,751,000 after purchasing an additional 907 shares during the period. Institutional investors and hedge funds own 38.89% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Wolfe Research lowered Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Enlight Renewable Energy in a report on Thursday, March 6th. They set a "buy" rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Enlight Renewable Energy presently has an average rating of "Moderate Buy" and an average price target of $20.25.

Enlight Renewable Energy Trading Down 3.8 %

NASDAQ ENLT traded down $0.68 on Tuesday, hitting $17.01. 3,871 shares of the company were exchanged, compared to its average volume of 17,394. The company's 50 day moving average price is $16.82 and its 200-day moving average price is $16.39. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53. The firm has a market capitalization of $1.97 billion, a P/E ratio of 47.25 and a beta of 1.38. Enlight Renewable Energy has a twelve month low of $14.09 and a twelve month high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.17. The firm had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. Analysts predict that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal year.

Enlight Renewable Energy Company Profile

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.