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

Kenon Holdings Ltd. (NYSE:KEN – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 30,949 shares, a decline of 35.0% from the May 31st total of 47,603 shares. Based on an average daily volume of 29,949 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the company’s stock are sold short.

Kenon Stock Up 3.6%

NYSE:KEN opened at $69.24 on Thursday. The stock has a 50-day simple moving average of $80.65 and a 200 day simple moving average of $77.61. Kenon has a 52-week low of $41.50 and a 52-week high of $95.93. The company has a market cap of $3.61 billion, a PE ratio of 66.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 3.74.

Get Kenon alerts:

Kenon (NYSE:KEN – Get Free Report) last released its earnings results on Monday, June 1st. The utilities provider reported $0.49 EPS for the quarter. Kenon had a return on equity of 3.47% and a net margin of 7.98%.The firm had revenue of $317.00 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KEN. Blue Trust Inc. bought a new position in Kenon in the first quarter valued at $29,000. Raymond James Financial Inc. acquired a new position in shares of Kenon during the 2nd quarter worth about $32,000. Susquehanna Advisors Group Inc. bought a new position in shares of Kenon in the 4th quarter valued at about $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 610 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Kenon in the fourth quarter valued at about $232,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Kenon from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kenon has an average rating of “Hold”.

Get Our Latest Stock Analysis on KEN

Kenon Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Kenon
• Is the Memory Rally Still Alive After the Semiconductor Sell-Off?
• AirJoule Unveils Prime System, Clearing Path to Commercialization
• Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
• Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets

Receive News & Ratings for Kenon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kenon and related companies with MarketBeat.com's FREE daily email newsletter.