Enel Chile SA – (ENIC) Short Interest Update

Enel Chile SA – (NYSE:ENIC) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 232,014 shares, a decrease of 53.6% from the November 30th total of 500,137 shares. Based on an average daily volume of 500,921 shares, the days-to-cover ratio is currently 0.5 days.

A number of equities research analysts recently commented on ENIC shares. Scotiabank downgraded Enel Chile from a “sector perform” rating to an “underperform” rating in a report on Wednesday, November 1st. BidaskClub downgraded Enel Chile from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. TheStreet upgraded Enel Chile from a “d-” rating to a “c-” rating in a report on Thursday, December 7th. Finally, Goldman Sachs Group downgraded Enel Chile from a “neutral” rating to a “sell” rating in a report on Tuesday, October 3rd.

Enel Chile (NYSE ENIC) opened at $5.95 on Thursday. Enel Chile has a 52 week low of $4.50 and a 52 week high of $6.31.

The firm also recently announced a dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 19th will be paid a $0.061 dividend. The ex-dividend date is Thursday, January 18th.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in Enel Chile by 7.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 446,235 shares of the utilities provider’s stock valued at $2,678,000 after acquiring an additional 30,564 shares during the period. Nordea Investment Management AB grew its stake in Enel Chile by 121.3% in the third quarter. Nordea Investment Management AB now owns 270,954 shares of the utilities provider’s stock valued at $1,626,000 after acquiring an additional 148,542 shares during the period. BW Gestao de Investimentos Ltda. acquired a new position in Enel Chile in the third quarter valued at about $600,000. ClariVest Asset Management LLC grew its stake in Enel Chile by 5.2% in the third quarter. ClariVest Asset Management LLC now owns 319,915 shares of the utilities provider’s stock valued at $1,920,000 after acquiring an additional 15,700 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Enel Chile by 12.0% in the third quarter. Russell Investments Group Ltd. now owns 726,010 shares of the utilities provider’s stock valued at $4,355,000 after acquiring an additional 77,902 shares during the period. 6.40% of the stock is owned by hedge funds and other institutional investors.

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About Enel Chile

Enel Chile SA is a Chile-based electricity utility company. The Company, through its combined entities and affiliates, is engaged in the generation, transmission and distribution of electricity businesses. The Company’s segments include Generation, Distribution, and Other businesses and intercompany transaction adjustments.

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