Kenon Holdings Ltd. (NYSE:KEN) Short Interest Up 73.1% in April

Kenon Holdings Ltd. (NYSE:KEN) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 18,700 shares, an increase of 73.1% from the March 31st total of 10,800 shares. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Kenon Price Performance

Shares of KEN stock opened at $22.11 on Friday. The stock has a 50-day moving average price of $24.16 and a 200 day moving average price of $23.26. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -5.00 and a beta of 1.45. Kenon has a 12 month low of $17.64 and a 12 month high of $30.65.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Tuesday, March 26th. The utilities provider reported $0.11 EPS for the quarter. The firm had revenue of $151.00 million during the quarter. Kenon had a negative return on equity of 10.82% and a negative net margin of 34.10%.

Kenon Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 8th were given a $3.80 dividend. This represents a yield of 10.5%. This is a positive change from Kenon’s previous — dividend of $2.79. The ex-dividend date was Friday, April 5th. Kenon’s dividend payout ratio (DPR) is presently -85.97%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Kenon from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th.

Institutional Trading of Kenon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEN. Scarborough Advisors LLC acquired a new stake in Kenon in the fourth quarter worth about $39,000. CWA Asset Management Group LLC bought a new position in Kenon during the fourth quarter worth about $214,000. Citigroup Inc. boosted its holdings in Kenon by 14.9% during the third quarter. Citigroup Inc. now owns 93,510 shares of the utilities provider’s stock worth $2,123,000 after buying an additional 12,153 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Kenon by 143.9% during the third quarter. Assenagon Asset Management S.A. now owns 107,404 shares of the utilities provider’s stock worth $2,483,000 after buying an additional 63,374 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Kenon by 1.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,296,068 shares of the utilities provider’s stock worth $52,838,000 after buying an additional 27,294 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.