Short Interest in Enel Chile S.A. (NYSE:ENIC) Increases By 21.0%

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 633,063 shares, an increase of 21.0% from the February 26th total of 522,986 shares. Based on an average daily trading volume, of 522,791 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Enel Chile

A number of large investors have recently added to or reduced their stakes in ENIC. Arax Advisory Partners lifted its stake in shares of Enel Chile by 320.4% in the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after buying an additional 5,832 shares during the last quarter. Cibc World Market Inc. acquired a new position in Enel Chile during the 4th quarter worth $40,000. Foster Group Inc. bought a new stake in Enel Chile during the third quarter valued at about $42,000. MML Investors Services LLC acquired a new stake in shares of Enel Chile in the fourth quarter valued at about $43,000. Finally, Caprock Group LLC acquired a new position in shares of Enel Chile during the 3rd quarter worth about $48,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Performance

Shares of ENIC opened at $3.95 on Wednesday. The firm has a market cap of $5.46 billion, a PE ratio of 9.85 and a beta of 0.98. Enel Chile has a twelve month low of $2.85 and a twelve month high of $4.51. The firm’s 50 day moving average price is $4.15 and its 200 day moving average price is $3.99.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.14 earnings per share for the quarter. The business had revenue of $1.18 billion for the quarter. Enel Chile had a net margin of 11.53% and a return on equity of 9.81%. On average, sell-side analysts anticipate that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a report on Friday, December 12th. Zacks Research raised shares of Enel Chile to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Finally, Santander cut Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.30.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.