Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Increases By 4,494.4%
by Michael Walen · The Markets DailyENN Energy Holdings Ltd. (OTCMKTS:XNGSY – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 33,631 shares, a growth of 4,494.4% from the May 31st total of 732 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 63,373 shares, the short-interest ratio is currently 0.5 days.
Analysts Set New Price Targets
Separately, Zacks Research downgraded ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on ENN Energy
ENN Energy Price Performance
XNGSY stock traded down $0.69 during trading on Thursday, hitting $21.18. 122,670 shares of the company’s stock traded hands, compared to its average volume of 19,925. ENN Energy has a 1 year low of $21.00 and a 1 year high of $39.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.64. The business has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $32.64.
About ENN Energy
ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.
Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.