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

Enel Chile S.A. (NYSE:ENIC) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,080,000 shares, a decline of 14.3% from the January 31st total of 1,260,000 shares. Based on an average daily trading volume, of 449,000 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

ENIC has been the topic of a number of research reports. StockNews.com downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Monday. 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 report on Friday, November 22nd.

Enel Chile Stock Up 3.6 %

NYSE ENIC opened at $3.41 on Wednesday. The stock has a market cap of $4.72 billion, a PE ratio of 5.59 and a beta of 1.12. The business has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $2.87. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.49.

Institutional Investors Weigh In On Enel Chile

A number of large investors have recently added to or reduced their stakes in ENIC. International Assets Investment Management LLC boosted its position in Enel Chile by 179.0% in the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock valued at $94,000 after buying an additional 21,706 shares during the last quarter. Savvy Advisors Inc. acquired a new position in shares of Enel Chile in the third quarter worth about $52,000. Oppenheimer Asset Management Inc. grew its stake in Enel Chile by 52.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 28,339 shares in the last quarter. Natixis Advisors LLC increased its holdings in Enel Chile by 43.3% during the 3rd quarter. Natixis Advisors LLC now owns 290,531 shares of the utilities provider’s stock worth $811,000 after purchasing an additional 87,773 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Enel Chile in the 3rd quarter valued at approximately $303,000. 3.20% of the stock is owned by institutional investors and hedge funds.

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.