Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report) was the recipient of a large 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. Based on an average daily volume of 50,400 shares, the short-interest ratio is presently 6.0 days. Approximately 0.3% of the company’s shares are short sold.
Hedge Funds Weigh In On Enlight Renewable Energy
A number of hedge funds and other institutional investors have recently modified their holdings of ENLT. Vanguard Group Inc. raised its stake in Enlight Renewable Energy by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,972,142 shares of the company’s stock valued at $76,027,000 after purchasing an additional 82,646 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Enlight Renewable Energy by 36.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 85,156 shares of the company’s stock worth $1,630,000 after acquiring an additional 22,520 shares in the last quarter. Sphera Funds Management LTD. bought a new position in Enlight Renewable Energy during the 4th quarter worth about $3,240,000. Nuveen Asset Management LLC bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at about $1,860,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Enlight Renewable Energy by 16.2% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,936,313 shares of the company’s stock valued at $155,473,000 after buying an additional 1,105,929 shares in the last quarter. Institutional investors own 38.89% of the company’s stock.
Enlight Renewable Energy Stock Performance
Shares of ENLT traded down $0.39 during mid-day 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 debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average price of $17.30 and a two-hundred day moving average price of $16.55. Enlight Renewable Energy has a 1 year low of $12.11 and a 1 year high of $20.44. The stock has a market cap of $1.96 billion and a price-to-earnings ratio of 30.37.
Wall Street Analyst Weigh In
Separately, Mizuho boosted their price objective on shares of Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 3rd.
Get Our Latest Stock Analysis on ENLT
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.
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