Short Interest in Kenon Holdings Ltd. (NYSE:KEN) Decreases By 29.3%

Kenon Holdings Ltd. (NYSE:KEN) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 47,464 shares, a decline of 29.3% from the December 31st total of 67,118 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 14,964 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily trading volume, of 14,964 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.1% of the company’s shares are sold short.

Kenon Stock Down 2.6%

KEN opened at $70.48 on Friday. Kenon has a 1 year low of $27.10 and a 1 year high of $75.90. The firm has a 50 day moving average price of $65.55 and a 200 day moving average price of $53.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $3.68 billion, a PE ratio of 91.53 and a beta of 1.17.

Kenon (NYSE:KEN) last announced its quarterly earnings results on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share for the quarter. Kenon had a net margin of 59.34% and a negative return on equity of 2.81%. The firm had revenue of $265.00 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of Kenon

Several large investors have recently added to or reduced their stakes in KEN. Raymond James Financial Inc. acquired a new position in shares of Kenon during the second quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kenon by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after buying an additional 610 shares during the period. Jane Street Group LLC acquired a new position in Kenon during the 1st quarter worth approximately $254,000. Tidal Investments LLC purchased a new position in Kenon in the 2nd quarter worth approximately $256,000. Finally, BNP Paribas Financial Markets boosted its holdings in Kenon by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 1,100 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Kenon Company Profile

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.