Kenon Holdings Ltd. (NYSE:KEN) Short Interest Update

Kenon Holdings Ltd. (NYSE:KEN) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 18,900 shares, a decline of 20.9% from the December 15th total of 23,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is presently 1.8 days.

Kenon Price Performance

Shares of KEN traded up $0.09 during trading hours on Thursday, hitting $32.74. 10,235 shares of the company were exchanged, compared to its average volume of 15,394. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 10.23 and a beta of 1.41. The firm’s fifty day moving average is $30.52 and its 200 day moving average is $27.45. Kenon has a fifty-two week low of $19.63 and a fifty-two week high of $34.33. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64.

Hedge Funds Weigh In On Kenon

Several hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Kenon by 4,233.3% during the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Kenon by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Kenon in the 3rd quarter valued at $365,000. CWA Asset Management Group LLC bought a new position in shares of Kenon in the 3rd quarter valued at $504,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Kenon during the 4th quarter worth $746,000. 13.38% of the stock is owned by institutional investors.

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.