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

Enel Chile S.A. (NYSE:ENIC) was the recipient 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 trading volume, of 442,400 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently made changes to their positions in ENIC. Creative Planning grew its stake in shares of Enel Chile by 3.8% in the second quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock valued at $331,000 after buying an additional 4,323 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 11,147 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Enel Chile by 44.9% during the 3rd quarter. NBC Securities Inc. now owns 69,279 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 21,466 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of Enel Chile by 9.9% in the third quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock valued at $152,000 after buying an additional 4,903 shares during the period. Finally, Blue Trust Inc. increased its holdings in Enel Chile by 162.4% in the third quarter. Blue Trust Inc. now owns 204,665 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 126,657 shares during the period. Institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

NYSE:ENIC traded up $0.03 during mid-day trading on Friday, reaching $3.41. The stock had a trading volume of 415,944 shares, compared to its average volume of 581,871. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.42. The business’s 50 day moving average is $2.97 and its 200 day moving average is $2.82. The stock has a market cap of $4.71 billion, a P/E ratio of 5.58 and a beta of 1.12.

Enel Chile Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given a dividend of $0.0463 per share. The ex-dividend date was Friday, January 17th. This is a boost from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is 36.07%.

Enel Chile Company Profile

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.