Kenon Holdings Ltd. (NYSE:KEN) Short Interest Update

Kenon Holdings Ltd. (NYSE:KEN) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 47,464 shares, a drop of 29.3% from the December 31st total of 67,118 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,964 shares, the short-interest ratio is presently 3.2 days. Based on an average daily volume of 14,964 shares, the short-interest ratio is presently 3.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Kenon

Institutional investors have recently modified their holdings of the company. UBS Group AG lifted its stake in shares of Kenon by 3.6% during the fourth quarter. UBS Group AG now owns 43,977 shares of the utilities provider’s stock valued at $2,916,000 after buying an additional 1,510 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kenon by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 756,785 shares of the utilities provider’s stock worth $49,886,000 after purchasing an additional 6,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kenon by 24.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 610 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Kenon by 11.6% in the fourth quarter. Y.D. More Investments Ltd now owns 212,102 shares of the utilities provider’s stock valued at $13,963,000 after purchasing an additional 22,045 shares during the period. Finally, Sowell Financial Services LLC grew its position in shares of Kenon by 6.5% in the fourth quarter. Sowell Financial Services LLC now owns 31,076 shares of the utilities provider’s stock valued at $2,061,000 after purchasing an additional 1,908 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kenon in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kenon currently has an average rating of “Hold”.

Kenon Stock Down 2.6%

Shares of NYSE KEN opened at $70.48 on Friday. The business has a 50-day moving average of $65.55 and a two-hundred day moving average of $53.87. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 91.53 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.66 and a quick ratio of 4.66. Kenon has a 1 year low of $27.10 and a 1 year high of $75.90.

Kenon (NYSE:KEN) last issued its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $265.00 million for the quarter. Kenon had a negative return on equity of 2.81% and a net margin of 59.34%.

Kenon Company Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.