Short Interest in Enel Chile SA – (NYSE:ENIC) Declines By 37.2%

Enel Chile SA – (NYSE:ENIC) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totalling 823,200 shares, a decline of 37.2% from the February 27th total of 1,310,000 shares. Based on an average daily trading volume, of 742,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

Hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc purchased a new stake in shares of Enel Chile during the 4th quarter valued at approximately $42,000. Panagora Asset Management Inc. raised its position in shares of Enel Chile by 16.9% during the 4th quarter. Panagora Asset Management Inc. now owns 172,603 shares of the utilities provider’s stock valued at $820,000 after buying an additional 25,004 shares during the period. BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Enel Chile during the 4th quarter valued at approximately $94,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Enel Chile during the 4th quarter valued at approximately $182,000. Finally, Natixis Advisors L.P. raised its position in shares of Enel Chile by 41.3% during the 4th quarter. Natixis Advisors L.P. now owns 154,621 shares of the utilities provider’s stock valued at $734,000 after buying an additional 45,159 shares during the period. 4.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ENIC stock traded down $0.09 during trading on Thursday, hitting $3.28. 1,378,537 shares of the stock traded hands, compared to its average volume of 831,975. The firm has a market capitalization of $3.16 billion, a P/E ratio of 6.43 and a beta of 0.61. The firm’s fifty day moving average price is $4.29 and its 200-day moving average price is $4.42. Enel Chile has a 52-week low of $2.95 and a 52-week high of $5.30.

Separately, ValuEngine raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Thursday.

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 Business and Distribution Business segments. It transmits and distributes electricity in 33 municipalities of the Santiago metropolitan region.

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