Enel Chile S.A. (NYSE:ENIC) Short Interest Up 52.1% in August

Enel Chile S.A. (NYSE:ENIC) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,810,000 shares, a growth of 52.1% from the August 15th total of 1,190,000 shares. Based on an average daily trading volume, of 512,400 shares, the days-to-cover ratio is presently 3.5 days.

Enel Chile Trading Up 2.3 %

NYSE:ENIC opened at $2.70 on Monday. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market capitalization of $3.73 billion, a PE ratio of 5.19 and a beta of 1.16. The business’s 50-day simple moving average is $2.77 and its 200-day simple moving average is $2.89.

Enel Chile (NYSE:ENIC) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.08 EPS for the quarter. The firm had revenue of $1.35 billion for the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%.

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently made changes to their positions in ENIC. Wealthstream Advisors Inc. bought a new stake in shares of Enel Chile during the 2nd quarter worth approximately $29,000. Cubist Systematic Strategies LLC raised its stake in shares of Enel Chile by 1,114,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 11,147 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Enel Chile during the 1st quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Enel Chile during the 1st quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC increased its holdings in shares of Enel Chile by 161.9% during the 1st quarter. Janiczek Wealth Management LLC now owns 14,344 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 8,868 shares during the last quarter. Institutional investors own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Enel Chile

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.