Enel Chile S.A. (NYSE:ENIC) Short Interest Up 33.0% in January

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 999,100 shares, an increase of 33.0% from the December 31st total of 751,000 shares. Based on an average trading volume of 375,200 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Enel Chile

A number of large investors have recently bought and sold shares of ENIC. Advisors Preferred LLC purchased a new position in shares of Enel Chile in the 4th quarter valued at $25,000. Cubist Systematic Strategies LLC raised its stake in shares of Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 11,147 shares during the period. Intelligence Driven Advisers LLC purchased a new position in shares of Enel Chile in the 4th quarter valued at $31,000. Caprock Group LLC acquired a new stake in Enel Chile during the 4th quarter valued at $32,000. Finally, Savvy Advisors Inc. acquired a new stake in Enel Chile during the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank downgraded shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target on the stock. in a research note on Friday, November 22nd.

Enel Chile Price Performance

NYSE:ENIC traded up $0.04 during trading hours on Thursday, reaching $3.04. 721,270 shares of the company were exchanged, compared to its average volume of 593,988. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 4.98 and a beta of 1.11. Enel Chile has a 52-week low of $2.51 and a 52-week high of $3.24. The stock has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $2.79.

Enel Chile Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a dividend of $0.0463 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is currently 37.70%.

About Enel Chile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.