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

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

Enel Chile Stock Performance

NYSE ENIC traded up $0.04 during trading on Thursday, reaching $3.04. The company’s stock had a trading volume of 721,270 shares, 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 twelve month low of $2.51 and a twelve month high of $3.24. The business’s fifty day moving average price is $2.87 and its 200-day moving average price is $2.79.

Enel Chile Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a dividend of $0.0463 per share. This is a positive change from Enel Chile’s previous dividend of $0.03. The ex-dividend date was Friday, January 17th. Enel Chile’s payout ratio is 37.70%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Enel Chile by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 527,097 shares of the utilities provider’s stock worth $1,476,000 after buying an additional 28,252 shares during the period. Marshall Wace LLP acquired a new position in Enel Chile during the second quarter worth about $474,000. Cubist Systematic Strategies LLC grew its position in Enel Chile by 1,114,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after buying an additional 11,147 shares during the period. Creative Planning grew its position in Enel Chile by 3.8% during the second quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock worth $331,000 after buying an additional 4,323 shares during the period. Finally, NBC Securities Inc. grew its position in Enel Chile by 44.9% during the third quarter. NBC Securities Inc. now owns 69,279 shares of the utilities provider’s stock worth $193,000 after buying an additional 21,466 shares during the period. 3.20% of the stock is currently owned by institutional investors and hedge funds.

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.