Kenon Holdings Ltd. (NYSE:KEN) Short Interest Up 140.0% in April

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 32,400 shares, an increase of 140.0% from the March 31st total of 13,500 shares. Based on an average trading volume of 20,000 shares, the short-interest ratio is currently 1.6 days. Currently, 0.2% of the shares of the company are short sold.

Kenon Stock Performance

Shares of KEN stock traded up $0.41 during midday trading on Friday, hitting $31.08. 29,753 shares of the company were exchanged, compared to its average volume of 14,139. Kenon has a 52 week low of $22.21 and a 52 week high of $35.49. The firm has a market capitalization of $1.62 billion, a P/E ratio of 9.71 and a beta of 1.31. The firm's 50 day moving average price is $31.55 and its two-hundred day moving average price is $30.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.

Kenon Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a dividend of $4.80 per share. This represents a dividend yield of 15.6%. The ex-dividend date was Monday, April 14th. This is a boost from Kenon's previous annual dividend of $1.21. Kenon's payout ratio is currently 150.00%.

Hedge Funds Weigh In On Kenon

Several institutional investors and hedge funds have recently made changes to their positions in KEN. Barclays PLC grew its holdings in Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock valued at $127,000 after buying an additional 4,445 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Kenon in the third quarter valued at about $1,136,000. CWA Asset Management Group LLC grew its stake in shares of Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock valued at $771,000 after acquiring an additional 4,632 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Kenon during the fourth quarter worth about $746,000. Finally, Y.D. More Investments Ltd raised its stake in Kenon by 2.8% in the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock worth $6,885,000 after purchasing an additional 5,705 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Kenon from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.