Kenon Holdings Ltd (NYSE:KEN) Short Interest Update

Kenon Holdings Ltd (NYSE:KEN) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 11,700 shares, a decline of 15.8% from the May 30th total of 13,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 5.6 days.

NYSE KEN traded down $0.13 on Friday, reaching $20.43. The stock had a trading volume of 570 shares, compared to its average volume of 1,359. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.82. Kenon has a 12-month low of $13.67 and a 12-month high of $21.70. The company’s fifty day moving average price is $20.12.

Kenon (NYSE:KEN) last announced its earnings results on Thursday, May 30th. The utilities provider reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $97.00 million during the quarter. Kenon had a negative net margin of 34.11% and a negative return on equity of 14.75%.

A hedge fund recently bought a new stake in Kenon stock. Norges Bank bought a new position in shares of Kenon Holdings Ltd (NYSE:KEN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 175,971 shares of the utilities provider’s stock, valued at approximately $2,639,000. Norges Bank owned approximately 0.33% of Kenon at the end of the most recent quarter. Hedge funds and other institutional investors own 1.63% of the company’s stock.

A number of analysts have issued reports on KEN shares. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. TheStreet lowered Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd.

About Kenon

Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel. It operates through OPC, Qoros, and Other segments. The company's power generation plants operate on natural gas and diesel. It also designs, manufactures, sells, and services passenger vehicles, parts, and accessories through a network of independent authorized retail dealers in China.

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