Kenon Holdings Ltd. (NYSE:KEN) Short Interest Update

Kenon Holdings Ltd. (NYSE:KEN) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 26,600 shares, an increase of 9.9% from the May 31st total of 24,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Kenon

Several large investors have recently modified their holdings of KEN. Clal Insurance Enterprises Holdings Ltd raised its position in Kenon by 3.3% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,371,960 shares of the utilities provider’s stock valued at $57,746,000 after purchasing an additional 75,892 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Kenon during the 4th quarter valued at approximately $214,000. BNP Paribas Financial Markets lifted its position in Kenon by 150.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,800 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in shares of Kenon in the 4th quarter valued at approximately $39,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Kenon Stock Down 1.5 %

Shares of KEN opened at $24.18 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.10 and a quick ratio of 2.10. Kenon has a 1-year low of $17.64 and a 1-year high of $28.99. The firm has a fifty day moving average price of $24.12 and a 200 day moving average price of $24.33.

Kenon (NYSE:KEN) last posted its earnings results on Monday, June 3rd. The utilities provider reported $0.15 earnings per share for the quarter. The business had revenue of $174.00 million during the quarter. Kenon had a negative return on equity of 10.64% and a negative net margin of 30.60%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kenon from a “sell” rating to a “hold” rating in a report on Wednesday, June 5th.

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.