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

Enel Chile S.A. (NYSE:ENIC - Get Free Report) saw a large growth in short interest during the month of 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. Based on an average daily trading volume, of 894,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Enel Chile

Hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its position in shares of Enel Chile by 2.7% in the 4th quarter. Brandes Investment Partners LP now owns 5,707,753 shares of the utilities provider's stock worth $16,438,000 after purchasing an additional 152,430 shares in the last quarter. Helikon Investments Ltd boosted its holdings in Enel Chile by 112.9% in the first quarter. Helikon Investments Ltd now owns 4,498,563 shares of the utilities provider's stock worth $14,710,000 after acquiring an additional 2,385,840 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Enel Chile by 1.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,512,771 shares of the utilities provider's stock worth $7,237,000 after acquiring an additional 38,783 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Enel Chile during the first quarter valued at $6,142,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Enel Chile by 13.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,482,326 shares of the utilities provider's stock worth $4,269,000 after purchasing an additional 172,383 shares in the last quarter. Institutional investors own 3.20% of the company's stock.

Enel Chile Stock Up 1.6%

Shares of ENIC traded up $0.06 during trading hours on Wednesday, reaching $3.60. 149,562 shares of the company traded hands, compared to its average volume of 590,631. Enel Chile has a 12 month low of $2.51 and a 12 month high of $4.05. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.89 and a beta of 0.90. The company's fifty day moving average price is $3.48 and its two-hundred day moving average price is $3.21.

Enel Chile (NYSE:ENIC - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The company had revenue of $1,054.59 billion during the quarter, compared to analysts' expectations of $1,095.67 billion. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. On average, analysts expect 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. Investors of record on Friday, May 16th were given a dividend of $0.1779 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 5.8%. Enel Chile's dividend payout ratio (DPR) is currently 7.14%.

Enel Chile Company Profile

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.