Enphase Energy Inc (ENPH) Short Interest Update

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Enphase Energy Inc (NASDAQ:ENPH) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 23,756,542 shares, a decrease of 6.3% from the January 15th total of 25,356,675 shares. Approximately 33.2% of the shares of the stock are sold short. Based on an average trading volume of 2,155,547 shares, the days-to-cover ratio is presently 11.0 days.

ENPH has been the subject of a number of research reports. BidaskClub raised shares of Enphase Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. ValuEngine raised shares of Enphase Energy from a “hold” rating to a “buy” rating in a report on Monday, February 4th. HC Wainwright set a $9.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a report on Tuesday, January 29th. TheStreet raised shares of Enphase Energy from a “d+” rating to a “c-” rating in a report on Wednesday, November 28th. Finally, B. Riley set a $8.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a report on Wednesday, November 7th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $7.21.

ENPH stock opened at $7.68 on Thursday. The stock has a market capitalization of $808.05 million, a PE ratio of -14.22 and a beta of 1.39. The company has a debt-to-equity ratio of 21.18, a current ratio of 1.55 and a quick ratio of 1.42. Enphase Energy has a 12 month low of $2.37 and a 12 month high of $7.94.

Several institutional investors have recently added to or reduced their stakes in ENPH. Capital Investment Advisory Services LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at approximately $38,000. Westside Investment Management Inc. increased its stake in shares of Enphase Energy by 28.4% in the fourth quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 1,986 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Enphase Energy by 24.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,500 shares during the period. LPL Financial LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at approximately $66,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Enphase Energy in the fourth quarter valued at approximately $102,000. 39.13% of the stock is owned by institutional investors.

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Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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