Kenon Holdings Ltd. (NYSE:KEN) Sees Significant Drop in Short Interest

Kenon Holdings Ltd. (NYSE:KEN) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 30,573 shares, a drop of 49.0% from the April 30th total of 59,986 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 30,654 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Kenon

Several institutional investors have recently bought and sold shares of KEN. Goldman Sachs Group Inc. grew its position in Kenon by 327.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock valued at $3,920,000 after purchasing an additional 93,896 shares during the last quarter. Jane Street Group LLC purchased a new stake in Kenon during the 1st quarter valued at about $254,000. Norges Bank purchased a new stake in Kenon during the 2nd quarter valued at about $566,000. Invesco Ltd. grew its position in Kenon by 29.0% during the 2nd quarter. Invesco Ltd. now owns 29,587 shares of the utilities provider’s stock valued at $1,229,000 after purchasing an additional 6,643 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kenon by 10.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 377,731 shares of the utilities provider’s stock valued at $15,580,000 after purchasing an additional 35,533 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Kenon Stock Down 1.0%

Shares of Kenon stock traded down $0.94 during trading on Monday, hitting $89.83. The company’s stock had a trading volume of 11,679 shares, compared to its average volume of 21,771. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.94 and a current ratio of 4.94. The company has a fifty day simple moving average of $85.74 and a two-hundred day simple moving average of $75.44. The company has a market capitalization of $4.68 billion, a PE ratio of 116.68 and a beta of 1.06. Kenon has a 52 week low of $34.52 and a 52 week high of $95.93.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Monday, June 1st. The utilities provider reported $0.49 EPS for the quarter. Kenon had a net margin of 7.60% and a return on equity of 3.17%.

Kenon Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were given a dividend of $3.85 per share. This represents a yield of 476.0%. The ex-dividend date of this dividend was Monday, April 13th. Kenon’s dividend payout ratio is 500.00%.

About Kenon

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.