Short Interest in Enel Chile S.A. (NYSE:ENIC) Increases By 44.7%

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

Analyst Upgrades and Downgrades

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

Enel Chile Stock Performance

Shares of NYSE:ENIC opened at $3.41 on Friday. Enel Chile has a 52-week low of $2.51 and a 52-week high of $3.42. The company has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $2.82. The company has a market capitalization of $4.71 billion, a P/E ratio of 5.58 and a beta of 1.12.

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 given a dividend of $0.0463 per share. The ex-dividend date was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is 36.07%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in Enel Chile during the fourth quarter worth about $25,000. Intelligence Driven Advisers LLC bought a new position in Enel Chile during the 4th quarter worth $31,000. Cubist Systematic Strategies LLC increased its position in Enel Chile by 1,114,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 11,147 shares during the period. Caprock Group LLC bought a new position in Enel Chile during the fourth quarter worth $32,000. Finally, Wealthstream Advisors Inc. acquired a new position in shares of Enel Chile in the 4th quarter valued at about $37,000. Institutional investors own 3.20% of the company’s stock.

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.