Enel Chile S.A. (NYSE:ENIC) Short Interest Up 52.1% in August

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,810,000 shares, an increase of 52.1% from the August 15th total of 1,190,000 shares. Based on an average daily volume of 512,400 shares, the days-to-cover ratio is currently 3.5 days.

Enel Chile Price Performance

Shares of ENIC stock opened at $2.70 on Monday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 5.19 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. Enel Chile has a twelve month low of $2.51 and a twelve month high of $3.53. The stock has a fifty day simple moving average of $2.77 and a two-hundred day simple moving average of $2.89.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.08 EPS for the quarter. The firm had revenue of $1.35 billion during the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brandes Investment Partners LP increased its position in Enel Chile by 28.2% during the 4th quarter. Brandes Investment Partners LP now owns 3,586,182 shares of the utilities provider’s stock valued at $11,619,000 after buying an additional 789,016 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Enel Chile during the 4th quarter valued at about $3,398,000. Team Hewins LLC acquired a new position in Enel Chile during the 4th quarter valued at about $198,000. Hantz Financial Services Inc. purchased a new stake in Enel Chile during the 2nd quarter valued at about $786,000. Finally, Quadrature Capital Ltd grew its stake in Enel Chile by 23.6% during the 4th quarter. Quadrature Capital Ltd now owns 170,079 shares of the utilities provider’s stock valued at $549,000 after purchasing an additional 32,442 shares during the last quarter. 3.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

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.