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

Enel Chile S.A. (NYSE:ENIC) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 964,400 shares, a growth of 6.0% from the May 15th total of 909,900 shares. Based on an average daily trading volume, of 415,600 shares, the days-to-cover ratio is currently 2.3 days.

Enel Chile Trading Up 2.9 %

Shares of ENIC opened at $2.80 on Thursday. Enel Chile has a 1-year low of $2.68 and a 1-year high of $3.89. The company has a 50-day moving average of $2.96 and a 200 day moving average of $3.01. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 5.38 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.83.

Enel Chile (NYSE:ENIC) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $0.11 EPS for the quarter. The business had revenue of $1.11 billion for the quarter. Enel Chile had a net margin of 15.66% and a return on equity of 51.15%.

Enel Chile Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Friday, January 1st were given a dividend of $0.2093 per share. This is an increase from Enel Chile’s previous semi-annual dividend of $0.03. The ex-dividend date was Wednesday, May 22nd. This represents a yield of 7.3%. Enel Chile’s dividend payout ratio (DPR) is 40.39%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENIC. QRG Capital Management Inc. purchased a new position in shares of Enel Chile in the 3rd quarter worth approximately $93,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Enel Chile in the 3rd quarter worth approximately $34,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Enel Chile in the 3rd quarter worth approximately $473,000. Qtron Investments LLC grew its position in shares of Enel Chile by 41.7% in the 3rd quarter. Qtron Investments LLC now owns 141,307 shares of the utilities provider’s stock worth $418,000 after buying an additional 41,612 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Enel Chile by 48.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,678 shares of the utilities provider’s stock worth $3,533,000 after buying an additional 387,133 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

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.