Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 1,050,000 shares, a drop of 16.0% from the March 15th total of 1,250,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 680,300 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Enel Chile from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Enel Chile Stock Performance

Shares of Enel Chile stock remained flat at $3.44 during trading on Friday. 456,690 shares of the stock were exchanged, compared to its average volume of 501,855. Enel Chile has a one year low of $2.51 and a one year high of $3.50. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 5.64 and a beta of 0.99. The stock's 50-day moving average is $3.30 and its two-hundred day moving average is $3.03.

Institutional Trading of Enel Chile

Several large investors have recently added to or reduced their stakes in ENIC. Northern Trust Corp boosted its holdings in Enel Chile by 1,444.7% in the fourth quarter. Northern Trust Corp now owns 804,533 shares of the utilities provider's stock worth $2,317,000 after acquiring an additional 752,448 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Enel Chile by 56.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider's stock worth $3,619,000 after purchasing an additional 451,482 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Enel Chile during the 4th quarter valued at about $950,000. Helikon Investments Ltd raised its holdings in Enel Chile by 14.7% in the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock worth $6,085,000 after buying an additional 270,545 shares during the last quarter. Finally, Lingohr Asset Management GmbH bought a new position in shares of Enel Chile in the fourth quarter worth approximately $682,000. Institutional investors own 3.20% of the company's stock.

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.