Short Interest in Enlight Renewable Energy Ltd (NASDAQ:ENLT) Increases By 34.3%

Enlight Renewable Energy Ltd (NASDAQ:ENLT) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 103,800 shares, an increase of 34.3% from the September 15th total of 77,300 shares. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is presently 7.2 days. Approximately 0.1% of the company’s shares are sold short.

Enlight Renewable Energy Stock Up 0.3 %

Shares of Enlight Renewable Energy stock traded up $0.04 on Tuesday, reaching $15.65. 3,579 shares of the company were exchanged, compared to its average volume of 27,770. The stock’s 50 day moving average price is $16.03 and its 200-day moving average price is $16.42. The company has a market cap of $1.81 billion, a P/E ratio of 30.69 and a beta of 1.69. Enlight Renewable Energy has a 1-year low of $12.11 and a 1-year high of $20.00. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.59 and a quick ratio of 0.59.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $76.23 million. Enlight Renewable Energy had a return on equity of 3.97% and a net margin of 18.61%. The firm’s revenue was up 61.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, equities analysts forecast that Enlight Renewable Energy will post 0.26 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and set a $20.00 price objective on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

Institutional Investors Weigh In On Enlight Renewable Energy

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in Enlight Renewable Energy during the first quarter worth approximately $254,000. Susquehanna International Group Ltd. purchased a new stake in Enlight Renewable Energy in the second quarter valued at approximately $253,000. Capstone Investment Advisors LLC lifted its stake in Enlight Renewable Energy by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company’s stock valued at $369,000 after buying an additional 1,800 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Enlight Renewable Energy in the first quarter valued at approximately $377,000. Finally, Swiss National Bank lifted its stake in Enlight Renewable Energy by 1.3% in the first quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after buying an additional 3,045 shares during the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

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.