Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 999,100 shares, an increase of 33.0% from the December 31st total of 751,000 shares. Based on an average daily volume of 375,200 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective on the stock. in a report on Friday, November 22nd.

Hedge Funds Weigh In On Enel Chile

A number of hedge funds have recently added to or reduced their stakes in ENIC. Truist Financial Corp acquired a new stake in Enel Chile in the fourth quarter worth $38,000. Intelligence Driven Advisers LLC acquired a new stake in shares of Enel Chile in the 4th quarter worth about $31,000. Advisors Preferred LLC acquired a new position in Enel Chile during the 4th quarter valued at about $25,000. Adero Partners LLC grew its position in Enel Chile by 123.0% in the 4th quarter. Adero Partners LLC now owns 28,823 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 15,900 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Enel Chile during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Stock Performance

Shares of ENIC stock traded down $0.01 during mid-day trading on Friday, reaching $3.04. 680,063 shares of the company were exchanged, compared to its average volume of 528,264. The company has a market capitalization of $4.20 billion, a P/E ratio of 4.98 and a beta of 1.11. The business’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $2.79. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.24.

Enel Chile Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a $0.0463 dividend. This is an increase from Enel Chile’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, January 17th. Enel Chile’s payout ratio is 37.70%.

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.