Enel Chile S.A. (NYSE:ENIC) Short Interest Up 94.7% in May

Enel Chile S.A. (NYSE:ENIC - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,400,000 shares, a growth of 94.7% from the April 30th total of 718,900 shares. Approximately 0.1% of the company's stock are short sold. Based on an average trading volume of 894,300 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Enel Chile from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Hedge Funds Weigh In On Enel Chile

Several hedge funds have recently made changes to their positions in ENIC. O Shaughnessy Asset Management LLC increased its holdings in Enel Chile by 36.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider's stock valued at $41,000 after buying an additional 3,827 shares in the last quarter. Truist Financial Corp purchased a new position in Enel Chile during the fourth quarter worth approximately $38,000. Caprock Group LLC purchased a new stake in shares of Enel Chile in the fourth quarter valued at about $32,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Enel Chile by 15.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 153,528 shares of the utilities provider's stock worth $442,000 after buying an additional 20,110 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Enel Chile by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 79,112 shares of the utilities provider's stock valued at $228,000 after purchasing an additional 4,418 shares during the period. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Stock Performance

NYSE:ENIC traded up $0.04 during trading hours on Wednesday, reaching $3.58. The stock had a trading volume of 1,723,712 shares, compared to its average volume of 594,380. The stock has a market capitalization of $4.95 billion, a PE ratio of 5.87 and a beta of 0.90. The company has a 50 day moving average price of $3.49 and a two-hundred day moving average price of $3.21. Enel Chile has a 52 week low of $2.51 and a 52 week high of $4.05.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1,054.59 billion during the quarter, compared to analyst estimates of $1,095.67 billion. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. Equities research analysts predict that Enel Chile will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.1779 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend was Friday, May 16th. Enel Chile's dividend payout ratio (DPR) is presently 7.14%.

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.