Short Interest in Enel Chile S.A. (NYSE:ENIC) Rises By 72.4%

Enel Chile S.A. (NYSE:ENIC) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,255,409 shares, an increase of 72.4% from the June 30th total of 728,152 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 505,026 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Enel Chile

Several institutional investors and hedge funds have recently bought and sold shares of ENIC. Brandes Investment Partners LP grew its holdings in shares of Enel Chile by 2.3% during the 4th quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider’s stock valued at $21,188,000 after acquiring an additional 120,905 shares in the last quarter. State Street Corp grew its stake in Enel Chile by 3.0% in the 4th quarter. State Street Corp now owns 4,253,843 shares of the utilities provider’s stock valued at $17,100,000 after buying an additional 123,393 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Enel Chile by 5.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,062,688 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 160,300 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Enel Chile by 48.4% in the fourth quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock valued at $8,212,000 after acquiring an additional 666,544 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Enel Chile by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,080,312 shares of the utilities provider’s stock valued at $4,343,000 after buying an additional 70,000 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Analysts Set New Price Targets

ENIC has been the topic of several analyst reports. Itau BBA Securities cut Enel Chile to a “market perform” rating in a research report on Friday, July 10th. Btg Pactual set a $5.00 price target on Enel Chile in a research note on Friday, May 8th. Scotiabank raised Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Wall Street Zen cut shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.65.

Enel Chile Trading Down 2.1%

Shares of NYSE ENIC opened at $4.45 on Friday. The firm has a 50-day moving average of $4.39 and a two-hundred day moving average of $4.30. Enel Chile has a twelve month low of $3.12 and a twelve month high of $4.74. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.42 and a beta of 1.02.

Enel Chile (NYSE:ENIC) last released its earnings results on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. The business had revenue of $1.07 billion during the quarter. Enel Chile had a net margin of 12.10% and a return on equity of 10.20%. As a group, research analysts predict that Enel Chile will post 0.46 earnings per share for the current year.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.