Enel Chile S.A. (NYSE:ENIC) Short Interest Down 14.3% in February

Enel Chile S.A. (NYSE:ENIC) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,080,000 shares, a drop of 14.3% from the January 31st total of 1,260,000 shares. Based on an average daily trading volume, of 449,000 shares, the short-interest ratio is presently 2.4 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on ENIC shares. StockNews.com downgraded Enel Chile from a “buy” rating to a “hold” rating in a research report on Monday. Scotiabank cut shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target on the stock. in a research note on Friday, November 22nd.

Institutional Trading of Enel Chile

Hedge funds have recently added to or reduced their stakes in the business. Advisors Preferred LLC purchased a new position in shares of Enel Chile during the 4th quarter worth about $25,000. Intelligence Driven Advisers LLC acquired a new position in Enel Chile during the fourth quarter worth approximately $31,000. Caprock Group LLC acquired a new position in shares of Enel Chile in the 4th quarter valued at $32,000. Wealthstream Advisors Inc. purchased a new stake in shares of Enel Chile during the 4th quarter valued at $37,000. Finally, Truist Financial Corp purchased a new position in shares of Enel Chile in the 4th quarter worth $38,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Stock Up 3.6 %

Shares of Enel Chile stock opened at $3.41 on Wednesday. The firm has a market cap of $4.72 billion, a PE ratio of 5.59 and a beta of 1.12. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.49. The business’s fifty day moving average is $3.09 and its two-hundred day moving average is $2.87.

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.