Short Interest in Enel Chile S.A. (NYSE:ENIC) Increases By 7.8%

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 994,000 shares, a growth of 7.8% from the October 15th total of 922,300 shares. Based on an average trading volume of 965,100 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Enel Chile

A number of institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP raised its holdings in shares of Enel Chile by 457.3% during the 1st quarter. Brandes Investment Partners LP now owns 6,274,925 shares of the utilities provider’s stock worth $16,942,000 after buying an additional 5,149,036 shares in the last quarter. State Street Corp raised its stake in Enel Chile by 4.9% during the third quarter. State Street Corp now owns 4,305,660 shares of the utilities provider’s stock worth $5,942,000 after buying an additional 203,012 shares during the last quarter. AQR Capital Management LLC boosted its position in Enel Chile by 408.3% during the third quarter. AQR Capital Management LLC now owns 2,852,008 shares of the utilities provider’s stock valued at $8,442,000 after acquiring an additional 2,290,952 shares during the last quarter. BlackRock Inc. raised its position in shares of Enel Chile by 66.7% in the 2nd quarter. BlackRock Inc. now owns 2,785,227 shares of the utilities provider’s stock worth $9,275,000 after acquiring an additional 1,113,924 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Enel Chile by 3,085.8% during the 2nd quarter. Acadian Asset Management LLC now owns 2,570,100 shares of the utilities provider’s stock valued at $8,540,000 after purchasing an additional 2,489,426 shares in the last quarter. Institutional investors and hedge funds own 3.14% of the company’s stock.

Enel Chile Stock Performance

Shares of Enel Chile stock traded up $0.06 during trading on Friday, reaching $3.17. 415,155 shares of the company’s stock were exchanged, compared to its average volume of 994,287. Enel Chile has a 1-year low of $1.77 and a 1-year high of $3.89. The company has a market cap of $4.39 billion, a P/E ratio of 2.86 and a beta of 1.09. The firm’s 50-day moving average price is $2.98 and its 200 day moving average price is $3.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, November 3rd.

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.