Kunlun Energy (OTCMKTS:KLYCY) Sees Significant Increase in Short Interest

by · The Markets Daily

Kunlun Energy (OTCMKTS:KLYCY – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 11,403 shares, a growth of 52.4% from the August 31st total of 7,482 shares. Based on an average trading volume of 2,622 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Get Our Latest Stock Report on Kunlun Energy

Kunlun Energy Stock Performance

KLYCY opened at $9.60 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. Kunlun Energy has a 52 week low of $7.77 and a 52 week high of $11.76. The business’s 50 day moving average is $9.45 and its two-hundred day moving average is $9.43.

Kunlun Energy Company Profile

(Get Free Report)

Kunlun Energy Company Limited is a China-focused natural gas company and a subsidiary of China National Petroleum Corporation (CNPC). Through its operating businesses, the company supplies natural gas to residential, commercial and industrial customers and supports the development of natural gas infrastructure.

Its activities include natural gas sales and distribution, pipeline transmission, liquefied natural gas processing and related storage and transportation services. Kunlun Energy also participates in compressed natural gas and other gas-related projects, serving customers across multiple regions of mainland China.

The company has historical ties to CNPC’s natural gas distribution operations and is incorporated in Hong Kong, with its principal business activities conducted in China.

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