Short Interest in Enel Chile S.A. (NYSE:ENIC) Increases By 32.2%

Enel Chile S.A. (NYSE:ENIC) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 696,566 shares, an increase of 32.2% from the January 15th total of 526,953 shares. Based on an average trading volume of 619,644 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 619,644 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Santander downgraded shares of Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Zacks Research raised shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Enel Chile presently has an average rating of “Hold” and a consensus price target of $4.30.

Enel Chile Stock Down 0.8%

ENIC stock opened at $4.23 on Monday. The firm’s 50-day simple moving average is $4.17 and its 200 day simple moving average is $3.86. Enel Chile has a fifty-two week low of $2.85 and a fifty-two week high of $4.51.

Institutional Investors Weigh In On Enel Chile

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP raised its holdings in shares of Enel Chile by 2.3% in the 4th quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider’s stock worth $21,188,000 after purchasing an additional 120,905 shares in the last quarter. State Street Corp lifted its stake in Enel Chile by 3.0% during the fourth quarter. State Street Corp now owns 4,253,843 shares of the utilities provider’s stock valued at $17,100,000 after buying an additional 123,393 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Enel Chile by 5.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,062,688 shares of the utilities provider’s stock worth $12,312,000 after buying an additional 160,300 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Enel Chile during the second quarter valued at approximately $4,389,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Enel Chile by 6.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,080,312 shares of the utilities provider’s stock valued at $4,343,000 after acquiring an additional 70,000 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Company Profile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.