Kenon Holdings Ltd. (NYSE:KEN) Short Interest Up 73.1% in April

Kenon Holdings Ltd. (NYSE:KEN) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 18,700 shares, a growth of 73.1% from the March 31st total of 10,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Kenon from a “hold” rating to a “sell” rating in a report on Thursday, April 18th.

Hedge Funds Weigh In On Kenon

Large investors have recently made changes to their positions in the business. Scarborough Advisors LLC acquired a new position in shares of Kenon in the 4th quarter valued at about $39,000. CWA Asset Management Group LLC acquired a new position in Kenon in the fourth quarter worth approximately $214,000. Citigroup Inc. increased its holdings in Kenon by 14.9% in the third quarter. Citigroup Inc. now owns 93,510 shares of the utilities provider’s stock worth $2,123,000 after buying an additional 12,153 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Kenon by 143.9% in the third quarter. Assenagon Asset Management S.A. now owns 107,404 shares of the utilities provider’s stock worth $2,483,000 after buying an additional 63,374 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Kenon by 1.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,296,068 shares of the utilities provider’s stock worth $52,838,000 after buying an additional 27,294 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Price Performance

KEN stock opened at $22.11 on Friday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 0.66. Kenon has a one year low of $17.64 and a one year high of $30.65. The firm has a market capitalization of $1.19 billion, a PE ratio of -5.00 and a beta of 1.45. The firm has a 50-day moving average of $24.16 and a two-hundred day moving average of $23.26.

Kenon (NYSE:KEN) last posted its quarterly earnings data on Tuesday, March 26th. The utilities provider reported $0.11 EPS for the quarter. Kenon had a negative net margin of 34.10% and a negative return on equity of 10.82%. The company had revenue of $151.00 million during the quarter.

Kenon Increases Dividend

The firm also recently announced a — dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 8th were issued a $3.80 dividend. This is an increase from Kenon’s previous — dividend of $2.79. The ex-dividend date was Friday, April 5th. This represents a dividend yield of 10.5%. Kenon’s dividend payout ratio is currently -85.97%.

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.