Short Interest in Enel Chile S.A. (NYSE:ENIC) Expands By 94.7%

Enel Chile S.A. (NYSE:ENIC) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,400,000 shares, an increase of 94.7% from the April 30th total of 718,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 894,300 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Enel Chile from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

Hedge Funds Weigh In On Enel Chile

A number of large investors have recently made changes to their positions in the company. Advisors Preferred LLC bought a new position in Enel Chile during the 4th quarter worth $25,000. Intelligence Driven Advisers LLC acquired a new position in shares of Enel Chile in the fourth quarter valued at about $31,000. GAMMA Investing LLC increased its position in Enel Chile by 318.6% during the first quarter. GAMMA Investing LLC now owns 9,365 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 7,128 shares during the period. Caprock Group LLC acquired a new stake in Enel Chile in the 4th quarter worth about $32,000. Finally, PDS Planning Inc acquired a new position in shares of Enel Chile during the 1st quarter worth approximately $33,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Trading Down 2.5%

ENIC opened at $3.55 on Monday. The stock’s fifty day simple moving average is $3.47 and its 200 day simple moving average is $3.20. Enel Chile has a 1-year low of $2.51 and a 1-year high of $4.05. The stock has a market cap of $4.91 billion, a PE ratio of 5.82 and a beta of 0.90.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1,054.59 billion for the quarter, compared to analyst estimates of $1,095.67 billion. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%. Equities analysts forecast that Enel Chile will post 0.45 earnings per share for the current year.

Enel Chile Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.1779 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, May 16th. Enel Chile’s dividend payout ratio is presently 21.43%.

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.