Short Interest in Kenon Holdings Ltd. (NYSE:KEN) Grows By 80.5%

Kenon Holdings Ltd. (NYSE:KEN) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 67,118 shares, a growth of 80.5% from the December 15th total of 37,175 shares. Based on an average daily trading volume, of 14,881 shares, the short-interest ratio is presently 4.5 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 14,881 shares, the short-interest ratio is presently 4.5 days.

Institutional Trading of Kenon

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Kenon in the second quarter valued at approximately $32,000. Jane Street Group LLC acquired a new position in Kenon in the 1st quarter worth $254,000. Tidal Investments LLC bought a new position in Kenon during the 2nd quarter worth about $256,000. BNP Paribas Financial Markets increased its holdings in Kenon by 13.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Kenon in the 2nd quarter valued at about $502,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kenon in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kenon currently has an average rating of “Hold”.

Kenon Trading Down 0.4%

Shares of KEN stock traded down $0.27 on Thursday, hitting $69.19. The stock had a trading volume of 11,829 shares, compared to its average volume of 14,923. The firm has a market cap of $3.61 billion, a P/E ratio of 89.86 and a beta of 1.17. Kenon has a twelve month low of $27.10 and a twelve month high of $70.74. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $61.94 and a two-hundred day moving average price of $51.68.

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

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.