Enel Chile S.A. (NYSE:ENIC) Sees Large Decline in Short Interest

Enel Chile S.A. (NYSE:ENIC) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 1,029,468 shares, a decrease of 35.9% from the September 15th total of 1,606,023 shares. Based on an average daily trading volume, of 826,041 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are sold short.

Enel Chile Trading Down 1.0%

Shares of Enel Chile stock opened at $4.38 on Friday. The firm’s 50 day simple moving average is $4.39 and its two-hundred day simple moving average is $4.39. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 10.52 and a beta of 1.02. Enel Chile has a 12-month low of $3.62 and a 12-month high of $4.74.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. The business had revenue of $1.07 billion during the quarter. On average, sell-side analysts predict that Enel Chile will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ENIC. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Friday, July 17th. Bank of America started coverage on Enel Chile in a research note on Thursday. They set a “neutral” rating on the stock. Finally, Itau BBA Securities downgraded shares of Enel Chile to a “market perform” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Enel Chile has an average rating of “Hold” and an average price target of $4.65.

Hedge Funds Weigh In On Enel Chile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENIC. Royal Bank of Canada lifted its position in Enel Chile by 12.0% during the 1st quarter. Royal Bank of Canada now owns 654,043 shares of the utilities provider’s stock worth $2,577,000 after acquiring an additional 70,000 shares during the period. Raiffeisen Bank International AG increased its holdings in shares of Enel Chile by 14.5% in the second quarter. Raiffeisen Bank International AG now owns 523,800 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 66,300 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Enel Chile in the second quarter worth about $886,000. Bank of America Corp DE raised its stake in shares of Enel Chile by 872.6% in the first quarter. Bank of America Corp DE now owns 117,225 shares of the utilities provider’s stock worth $462,000 after purchasing an additional 105,172 shares during the last quarter. Finally, Amundi acquired a new stake in shares of Enel Chile during the first quarter worth about $443,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Company Profile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile’s activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.