Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,050,000 shares, a decline of 16.0% from the March 15th total of 1,250,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 680,300 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new stake in Enel Chile during the 4th quarter worth approximately $25,000. GAMMA Investing LLC grew its stake in Enel Chile by 318.6% during the 1st quarter. GAMMA Investing LLC now owns 9,365 shares of the utilities provider’s stock worth $31,000 after buying an additional 7,128 shares during the last quarter. Intelligence Driven Advisers LLC purchased a new position in Enel Chile during the 4th quarter worth $31,000. Caprock Group LLC purchased a new position in shares of Enel Chile during the fourth quarter worth about $32,000. Finally, Lesa Sroufe & Co acquired a new position in shares of Enel Chile in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of ENIC traded down $0.03 during mid-day trading on Monday, reaching $3.20. The stock had a trading volume of 28,886 shares, compared to its average volume of 495,148. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 5.24 and a beta of 0.99. The business’s fifty day moving average is $3.30 and its 200 day moving average is $3.01. Enel Chile has a 52-week low of $2.51 and a 52-week high of $3.50.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Enel Chile Company Profile

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.