Short Interest in Enel Chile S.A. (NYSE:ENIC) Decreases By 20.8%

Enel Chile S.A. (NYSE:ENIC) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 763,800 shares, a decrease of 20.8% from the October 31st total of 964,100 shares. Based on an average daily trading volume, of 447,500 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

ENIC has been the subject of a number of analyst reports. Scotiabank cut Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target for the company. in a report on Friday, November 22nd. StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Trading Up 1.1 %

NYSE ENIC traded up $0.03 during mid-day trading on Friday, reaching $2.72. 179,634 shares of the company’s stock traded hands, compared to its average volume of 483,506. The company has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $2.79. Enel Chile has a 1-year low of $2.51 and a 1-year high of $3.53. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 4.46 and a beta of 1.16.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthstream Advisors Inc. acquired a new stake in Enel Chile during the second quarter valued at approximately $29,000. Cubist Systematic Strategies LLC raised its position in shares of Enel Chile by 1,114,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 11,147 shares in the last quarter. Savvy Advisors Inc. bought a new position in Enel Chile during the third quarter worth $52,000. Townsquare Capital LLC acquired a new position in Enel Chile in the third quarter worth $65,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Enel Chile by 179.0% during the third quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 21,706 shares during the period. Institutional investors own 3.20% of the company’s stock.

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.