Kenon Holdings Ltd. (NYSE:KEN) Sees Large Decline in Short Interest

Kenon Holdings Ltd. (NYSE:KEN) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 18,900 shares, a drop of 20.9% from the December 31st total of 23,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Kenon

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in Kenon by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after buying an additional 900 shares during the last quarter. Barclays PLC increased 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 worth $127,000 after acquiring an additional 4,445 shares during the last quarter. CWA Asset Management Group LLC raised its stake in Kenon by 25.7% in the 4th 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 during the period. Y.D. More Investments Ltd lifted its holdings in Kenon by 2.8% during the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock valued at $6,885,000 after purchasing an additional 5,705 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Kenon during the third quarter worth about $365,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Kenon Stock Up 0.6 %

NYSE:KEN traded up $0.19 during trading hours on Thursday, hitting $30.85. 6,633 shares of the company traded hands, compared to its average volume of 14,239. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.66 billion, a PE ratio of 9.64 and a beta of 1.41. The firm’s 50-day simple moving average is $31.09 and its 200-day simple moving average is $27.92. Kenon has a one year low of $19.63 and a one year high of $34.33.

Kenon (NYSE:KEN) last posted its earnings results on Thursday, December 5th. The utilities provider reported $0.81 EPS for the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.

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.