Short Interest in Kenon Holdings Ltd (NYSE:KEN) Decreases By 15.8%

Kenon Holdings Ltd (NYSE:KEN) saw a large 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 short sold. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 5.6 days.

Shares of NYSE:KEN traded down $0.21 during midday trading on Friday, hitting $20.35. 19,705 shares of the company’s stock traded hands, compared to its average volume of 1,338. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $20.12. Kenon has a twelve month low of $13.67 and a twelve month high of $21.70.

Kenon (NYSE:KEN) last posted its earnings results on Thursday, May 30th. The utilities provider reported ($0.23) earnings per share for the quarter. The business had revenue of $97.00 million for 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 stake in shares of Kenon Holdings Ltd (NYSE:KEN) during the 4th quarter, according to the company in its most recent 13F filing with the 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. Institutional investors own 1.63% of the company’s stock.

KEN has been the subject of several research reports. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 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.

Featured Story: How does a margin account work?

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.