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

Enel Chile S.A. (NYSE:ENIC) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 696,566 shares, a growth of 32.2% from the January 15th total of 526,953 shares. Based on an average daily volume of 619,644 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 619,644 shares, the short-interest ratio is currently 1.1 days.

Enel Chile Stock Performance

NYSE:ENIC opened at $4.23 on Monday. Enel Chile has a 52-week low of $2.85 and a 52-week high of $4.51. The firm’s 50-day moving average is $4.17 and its 200-day moving average is $3.86.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ENIC shares. Santander lowered shares of Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday, November 30th. Morgan Stanley reissued an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Zacks Research upgraded shares of Enel Chile to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.30.

Institutional Trading of Enel Chile

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ethos Financial Group LLC lifted its position in Enel Chile by 7.3% during the 2nd quarter. Ethos Financial Group LLC now owns 233,625 shares of the utilities provider’s stock valued at $848,000 after purchasing an additional 15,851 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Enel Chile in the 2nd quarter valued at about $59,000. Banco BTG Pactual S.A. bought a new position in Enel Chile during the 2nd quarter worth approximately $4,389,000. CWA Asset Management Group LLC acquired a new stake in Enel Chile in the third quarter worth $845,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Enel Chile by 80.0% during the second quarter. PNC Financial Services Group Inc. now owns 41,133 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 18,282 shares in the last quarter. Institutional investors own 3.20% of the company’s stock.

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.