Enlight Renewable Energy Ltd (NASDAQ:ENLT) Short Interest Down 27.0% in May

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 85,200 shares, a decline of 27.0% from the April 30th total of 116,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 5.7 days.

Institutional Trading of Enlight Renewable Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. raised its holdings in Enlight Renewable Energy by 51.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock valued at $32,000 after buying an additional 625 shares during the period. Public Employees Retirement System of Ohio grew its position in Enlight Renewable Energy by 2.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 39,872 shares of the company's stock valued at $690,000 after acquiring an additional 947 shares in the last quarter. Amundi grew its position in Enlight Renewable Energy by 2.3% in the 1st quarter. Amundi now owns 74,681 shares of the company's stock valued at $1,160,000 after acquiring an additional 1,647 shares in the last quarter. Geode Capital Management LLC grew its position in Enlight Renewable Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 106,057 shares of the company's stock valued at $1,829,000 after acquiring an additional 2,467 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Enlight Renewable Energy by 0.6% in the 4th quarter. Deutsche Bank AG now owns 425,693 shares of the company's stock valued at $7,343,000 after acquiring an additional 2,748 shares in the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Enlight Renewable Energy Trading Down 1.3%

Shares of NASDAQ ENLT traded down $0.25 during trading on Thursday, hitting $19.71. 31,419 shares of the company were exchanged, compared to its average volume of 16,418. Enlight Renewable Energy has a 12-month low of $14.01 and a 12-month high of $20.44. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22. The company has a fifty day moving average price of $16.96 and a 200-day moving average price of $16.76. The firm has a market capitalization of $2.28 billion, a PE ratio of 54.75 and a beta of 1.24.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.51 by $0.24. The business had revenue of $129.87 million for the quarter, compared to analyst estimates of $396.61 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. As a group, equities research analysts expect that Enlight Renewable Energy will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

ENLT has been the topic of several recent research reports. Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They set a "buy" rating and a $22.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $20.25.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.