Short Interest in Kenon Holdings Ltd. (NYSE:KEN) Rises By 73.1%

Kenon Holdings Ltd. (NYSE:KEN) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 18,700 shares, a growth of 73.1% from the March 31st total of 10,800 shares. Based on an average daily volume of 25,200 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Scarborough Advisors LLC acquired a new position in shares of Kenon during the fourth quarter worth $39,000. CWA Asset Management Group LLC acquired a new stake in Kenon in the fourth quarter valued at $214,000. Citigroup Inc. increased its holdings in Kenon by 14.9% in the third quarter. Citigroup Inc. now owns 93,510 shares of the utilities provider’s stock valued at $2,123,000 after purchasing an additional 12,153 shares during the period. Assenagon Asset Management S.A. increased its holdings in Kenon by 143.9% in the third quarter. Assenagon Asset Management S.A. now owns 107,404 shares of the utilities provider’s stock valued at $2,483,000 after purchasing an additional 63,374 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Kenon by 1.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,296,068 shares of the utilities provider’s stock valued at $52,838,000 after purchasing an additional 27,294 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Kenon from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th.

Kenon Stock Up 2.6 %

NYSE KEN opened at $22.25 on Monday. The business has a fifty day moving average price of $24.16 and a two-hundred day moving average price of $23.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.05 and a quick ratio of 3.05. Kenon has a fifty-two week low of $17.64 and a fifty-two week high of $30.65. The stock has a market capitalization of $1.20 billion, a PE ratio of -5.03 and a beta of 1.45.

Kenon (NYSE:KEN) last announced its quarterly earnings results on Tuesday, March 26th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $151.00 million during the quarter. Kenon had a negative net margin of 34.10% and a negative return on equity of 10.82%.

Kenon Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 8th were issued a dividend of $3.80 per share. The ex-dividend date was Friday, April 5th. This is an increase from Kenon’s previous — dividend of $2.79. This represents a dividend yield of 10.5%. Kenon’s dividend payout ratio is -85.97%.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.