Enel Chile S.A. (NYSE:ENIC) Short Interest Down 17.6% in December

Enel Chile S.A. (NYSE:ENIC) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 419,265 shares, a decrease of 17.6% from the December 15th total of 508,593 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 417,320 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 417,320 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ENIC shares. Morgan Stanley restated an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday, November 30th. Finally, Zacks Research upgraded Enel Chile to a “hold” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Enel Chile currently has an average rating of “Hold” and an average price target of $4.30.

Enel Chile Trading Up 0.3%

ENIC stock traded up $0.02 during trading on Tuesday, reaching $4.32. The company’s stock had a trading volume of 378,265 shares, compared to its average volume of 590,502. The company’s fifty day moving average is $3.97 and its 200-day moving average is $3.73. Enel Chile has a 1 year low of $2.85 and a 1 year high of $4.41.

Enel Chile (NYSE:ENIC) last released its earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Enel Chile had a return on equity of 1.23% and a net margin of 1.75%.The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. On average, analysts predict that Enel Chile will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Enel Chile

Institutional investors have recently bought and sold shares of the stock. Savant Capital LLC bought a new position in Enel Chile during the second quarter valued at approximately $37,000. Foster Group Inc. bought a new position in shares of Enel Chile during the 3rd quarter valued at approximately $42,000. Caprock Group LLC bought a new stake in Enel Chile in the third quarter worth $48,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Enel Chile during the third quarter valued at $55,000. Finally, Sequoia Financial Advisors LLC bought a new position in Enel Chile during the second quarter valued at $59,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

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.