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

Enlight Renewable Energy Ltd (NASDAQ:ENLT) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 103,800 shares, a growth of 34.3% from the September 15th total of 77,300 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is presently 7.2 days. Currently, 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and set a $20.00 target price on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

Enlight Renewable Energy Price Performance

Shares of ENLT stock traded up $0.04 during mid-day trading on Tuesday, hitting $15.65. The company had a trading volume of 3,579 shares, compared to its average volume of 27,770. Enlight Renewable Energy has a 52-week low of $12.11 and a 52-week high of $20.00. The stock’s 50 day moving average price is $16.03 and its 200-day moving average price is $16.42. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $1.81 billion, a P/E ratio of 30.69 and a beta of 1.69.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $76.23 million. Enlight Renewable Energy had a net margin of 18.61% and a return on equity of 3.97%. The business’s revenue was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. Equities research analysts forecast that Enlight Renewable Energy will post 0.26 earnings per share for the current year.

Institutional Trading of Enlight Renewable Energy

Several hedge funds have recently modified their holdings of ENLT. Y.D. More Investments Ltd raised its position in shares of Enlight Renewable Energy by 94,919.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock valued at $31,166,000 after purchasing an additional 1,955,345 shares during the last quarter. Tidal Investments LLC purchased a new position in Enlight Renewable Energy in the 1st quarter valued at $254,000. Capstone Investment Advisors LLC lifted its holdings in Enlight Renewable Energy by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company’s stock valued at $369,000 after purchasing an additional 1,800 shares in the last quarter. Swiss National Bank raised its holdings in shares of Enlight Renewable Energy by 1.3% during the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock worth $3,954,000 after acquiring an additional 3,045 shares during the period. Finally, Susquehanna International Group Ltd. purchased a new position in shares of Enlight Renewable Energy during the 2nd quarter worth $253,000. 38.89% of the stock is owned by hedge funds and other institutional investors.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.