Kenon Holdings Ltd. (NYSE:KEN) Short Interest Update

Kenon Holdings Ltd. (NYSE:KEN) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 30,949 shares, a decrease of 35.0% from the May 31st total of 47,603 shares. Based on an average trading volume of 29,949 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Kenon from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Kenon

Several hedge funds have recently bought and sold shares of KEN. Segall Bryant & Hamill LLC acquired a new position in shares of Kenon in the 1st quarter valued at $2,681,000. Bank of America Corp DE lifted its holdings in Kenon by 9.5% during the first quarter. Bank of America Corp DE now owns 5,383 shares of the utilities provider’s stock worth $443,000 after acquiring an additional 467 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in Kenon by 4.9% during the first quarter. Altshuler Shaham Ltd now owns 189,228 shares of the utilities provider’s stock worth $15,455,000 after acquiring an additional 8,864 shares in the last quarter. Renaissance Technologies LLC grew its stake in Kenon by 61.8% in the first quarter. Renaissance Technologies LLC now owns 28,000 shares of the utilities provider’s stock valued at $2,306,000 after acquiring an additional 10,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Kenon by 22.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 248,275 shares of the utilities provider’s stock worth $20,349,000 after acquiring an additional 44,869 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Kenon Stock Up 3.6%

NYSE:KEN opened at $69.24 on Thursday. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.64. Kenon has a 12-month low of $41.50 and a 12-month high of $95.93. The stock’s fifty day simple moving average is $80.65 and its 200-day simple moving average is $77.61. The firm has a market capitalization of $3.61 billion, a P/E ratio of 66.58 and a beta of 1.12.

Kenon (NYSE:KEN) last posted its earnings results on Monday, June 1st. The utilities provider reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $317.00 million during the quarter. Kenon had a return on equity of 3.47% and a net margin of 7.98%.

Kenon Company Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.