Enlight Renewable Energy Ltd (NASDAQ:ENLT) Short Interest Update

Enlight Renewable Energy Ltd (NASDAQ:ENLT) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 301,600 shares, a growth of 120.8% from the February 29th total of 136,600 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 50,400 shares, the short-interest ratio is presently 6.0 days.

Wall Street Analyst Weigh In

Separately, Mizuho increased their price target on shares of Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, January 3rd.

Institutional Investors Weigh In On Enlight Renewable Energy

A number of hedge funds have recently modified their holdings of ENLT. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Enlight Renewable Energy during the third quarter worth about $25,586,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Enlight Renewable Energy by 171.4% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,458,907 shares of the company’s stock valued at $38,580,000 after acquiring an additional 1,552,795 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Enlight Renewable Energy by 16.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,936,313 shares of the company’s stock valued at $155,473,000 after acquiring an additional 1,105,929 shares during the last quarter. Meitav Investment House Ltd. increased its position in shares of Enlight Renewable Energy by 9.7% during the third quarter. Meitav Investment House Ltd. now owns 6,589,826 shares of the company’s stock valued at $103,409,000 after acquiring an additional 582,537 shares during the last quarter. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Enlight Renewable Energy during the first quarter valued at about $7,629,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Enlight Renewable Energy Price Performance

ENLT traded down $0.39 during midday trading on Thursday, hitting $16.92. 26,200 shares of the company traded hands, compared to its average volume of 51,010. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $1.96 billion and a price-to-earnings ratio of 30.37. Enlight Renewable Energy has a 52-week low of $12.11 and a 52-week high of $20.44. The business has a 50 day simple moving average of $17.30 and a two-hundred day simple moving average of $16.55.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.05). The company had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $85.36 million. Enlight Renewable Energy had a net margin of 27.74% and a return on equity of 5.09%. On average, equities analysts forecast that Enlight Renewable Energy will post 0.36 earnings per share for the current fiscal year.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects.