Enel Chile S.A. (NYSE:ENIC) Sees Significant Growth in Short Interest

Enel Chile S.A. (NYSE:ENIC) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,260,000 shares, an increase of 44.7% from the January 15th total of 871,000 shares. Based on an average daily trading volume, of 442,400 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new stake in shares of Enel Chile during the 4th quarter worth approximately $25,000. Cubist Systematic Strategies LLC increased its position in shares of Enel Chile by 1,114,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after buying an additional 11,147 shares during the period. Intelligence Driven Advisers LLC acquired a new stake in shares of Enel Chile during the fourth quarter worth $31,000. Caprock Group LLC acquired a new stake in Enel Chile in the fourth quarter worth $32,000. Finally, Wealthstream Advisors Inc. acquired a new stake in Enel Chile in the fourth quarter worth $37,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price on the stock. in a research note on Friday, November 22nd.

Enel Chile Trading Up 2.5 %

ENIC opened at $3.38 on Friday. The firm’s fifty day simple moving average is $2.95 and its 200 day simple moving average is $2.81. The stock has a market capitalization of $4.68 billion, a P/E ratio of 5.54 and a beta of 1.12. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.40.

Enel Chile Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a dividend of $0.0463 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio is presently 36.07%.

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.