Short Interest in Enel Chile S.A. (NYSE:ENIC) Rises By 64.9%

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 784,851 shares, a growth of 64.9% from the May 14th total of 475,978 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 646,830 shares, the short-interest ratio is currently 1.2 days.

Enel Chile Trading Up 2.7%

Shares of ENIC stock opened at $4.58 on Tuesday. The business’s fifty day simple moving average is $4.37 and its 200-day simple moving average is $4.19. The company has a market cap of $6.33 billion, a PE ratio of 11.74 and a beta of 1.03. Enel Chile has a 12-month low of $3.10 and a 12-month high of $4.74.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%.The business had revenue of $1.20 billion for the quarter. On average, equities analysts forecast that Enel Chile will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ENIC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a report on Monday, April 20th. Scotiabank upgraded Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Wall Street Zen lowered Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Btg Pactual set a $5.00 price target on Enel Chile in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Enel Chile currently has an average rating of “Moderate Buy” and an average target price of $4.65.

Hedge Funds Weigh In On Enel Chile

Several hedge funds have recently made changes to their positions in ENIC. Banco BTG Pactual S.A. acquired a new position in shares of Enel Chile in the 4th quarter valued at $2,774,000. Wellington Management Group LLP increased its position in shares of Enel Chile by 48.4% in the 4th quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock valued at $8,212,000 after acquiring an additional 666,544 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Enel Chile in the 4th quarter valued at $2,629,000. Jump Financial LLC increased its position in shares of Enel Chile by 5,592.9% in the 2nd quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock valued at $2,121,000 after acquiring an additional 573,940 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of Enel Chile in the 3rd quarter valued at $1,408,000. 3.20% of the stock is owned by institutional investors and hedge funds.

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.