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

Enel Chile S.A. (NYSE:ENIC) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 999,100 shares, a growth of 33.0% from the December 15th total of 751,000 shares. Based on an average daily volume of 375,200 shares, the days-to-cover ratio is currently 2.7 days.

Enel Chile Stock Performance

NYSE ENIC opened at $2.90 on Friday. Enel Chile has a 1 year low of $2.51 and a 1 year high of $3.24. The stock has a market capitalization of $4.00 billion, a P/E ratio of 4.75 and a beta of 1.11. The business’s fifty day moving average is $2.82 and its two-hundred day moving average is $2.78.

Enel Chile Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.0463 dividend. 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 currently 34.43%.

Institutional Trading of Enel Chile

A number of institutional investors have recently bought and sold shares of ENIC. Stifel Financial Corp raised its position in shares of Enel Chile by 644.7% in the third quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock valued at $582,000 after purchasing an additional 180,509 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Enel Chile by 100.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,632 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 107,316 shares during the period. Walleye Capital LLC bought a new stake in Enel Chile in the third quarter valued at $1,023,000. Oppenheimer Asset Management Inc. grew its position in Enel Chile by 52.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider’s stock worth $231,000 after acquiring an additional 28,339 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Enel Chile by 0.6% in the third quarter. State Street Corp now owns 2,933,466 shares of the utilities provider’s stock valued at $8,184,000 after purchasing an additional 18,334 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank cut 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.

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.