Kenon Holdings Ltd. (NYSE:KEN) Short Interest Down 14.0% in July

Kenon Holdings Ltd. (NYSE:KEN) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 19,100 shares, a decline of 14.0% from the July 15th total of 22,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kenon from a “sell” rating to a “hold” rating in a research note on Wednesday, June 5th.

Kenon Stock Up 2.3 %

Shares of NYSE KEN traded up $0.58 during mid-day trading on Monday, reaching $25.35. The company had a trading volume of 9,491 shares, compared to its average volume of 17,998. The firm has a 50 day simple moving average of $24.92 and a two-hundred day simple moving average of $24.44. Kenon has a 52-week low of $17.64 and a 52-week high of $28.99. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1.37 billion, a P/E ratio of -6.00 and a beta of 1.45.

Kenon (NYSE:KEN) last issued its quarterly earnings data on Monday, June 3rd. The utilities provider reported $0.15 earnings per share (EPS) for the quarter. Kenon had a negative return on equity of 10.64% and a negative net margin of 30.60%. The company had revenue of $174.00 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new stake in Kenon during the 4th quarter worth $214,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Kenon by 3.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,371,960 shares of the utilities provider’s stock worth $57,746,000 after buying an additional 75,892 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Kenon during the fourth quarter worth about $39,000. BNP Paribas Financial Markets grew its holdings in shares of Kenon by 150.0% during the first quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Kenon during the 2nd quarter valued at approximately $2,317,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

About Kenon

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.