Enel Chile S.A. (NYSE:ENIC) Short Interest Up 44.7% in January

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

Analyst Ratings Changes

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

Institutional Trading of Enel Chile

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC purchased a new stake in Enel Chile in the 4th quarter worth approximately $25,000. Intelligence Driven Advisers LLC bought a new stake in Enel Chile in the 4th quarter worth approximately $31,000. Cubist Systematic Strategies LLC boosted its stake in shares of Enel Chile by 1,114,700.0% in 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 in the last quarter. Caprock Group LLC bought a new position in shares of Enel Chile during the fourth quarter valued at about $32,000. Finally, Wealthstream Advisors Inc. purchased a new stake in shares of Enel Chile during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

NYSE:ENIC opened at $3.41 on Friday. 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 has a 1 year low of $2.51 and a 1 year high of $3.42. The business has a fifty day simple moving average of $2.97 and a two-hundred day simple moving average of $2.82.

Enel Chile Increases Dividend

The firm also recently announced 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 of this dividend was Friday, January 17th. This is a positive change from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is currently 36.07%.

About Enel Chile

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.