Enel Chile S.A. (NYSE:ENIC) Shares Shorted: Short Interest Down 35.9% in September

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,029,468 shares, a decrease of 35.9% from the September 15th total of 1,606,023 shares. Based on an average trading volume of 826,041 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ENIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Thursday. Itau BBA Securities lowered shares of Enel Chile to a “market perform” rating in a research report on Friday, July 10th. Finally, Bank of America initiated coverage on shares of Enel Chile in a research note on Thursday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.65.

Enel Chile Trading Up 1.9%

Shares of NYSE:ENIC traded up $0.09 during trading on Friday, hitting $4.46. 416,272 shares of the company’s stock were exchanged, compared to its average volume of 661,973. The firm has a market cap of $6.18 billion, a P/E ratio of 10.63 and a beta of 1.02. The firm has a 50-day moving average price of $4.39 and a two-hundred day moving average price of $4.39. Enel Chile has a 1-year low of $3.62 and a 1-year high of $4.74.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. The business had revenue of $1.07 billion for the quarter. As a group, research analysts predict that Enel Chile will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Eastern Bank bought a new stake in shares of Enel Chile in the second quarter worth about $33,000. Allspring Global Investments Holdings LLC bought a new position in shares of Enel Chile during the 1st quarter valued at about $41,000. Sanctuary Advisors LLC bought a new position in shares of Enel Chile during the 1st quarter valued at about $43,000. SmartHarvest Portfolios LLC acquired a new position in shares of Enel Chile in the 1st quarter valued at approximately $43,000. Finally, OneAscent Investment Solutions LLC acquired a new position in shares of Enel Chile in the 2nd quarter valued at approximately $65,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Company Profile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile’s activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.