Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Sees Significant Decrease in Short Interest

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 28,200 shares, a decline of 6.0% from the March 31st total of 30,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Dongfang Electric Stock Performance

DNGFF opened at $0.99 on Thursday. The business has a 50 day moving average price of $0.98 and a 200 day moving average price of $0.93. Dongfang Electric has a twelve month low of $0.81 and a twelve month high of $1.07.

About Dongfang Electric

Dongfang Electric Corporation Limited engages in the design, develop, manufacture, and sale of power generation equipment in China and internationally. It operates through five segments: Renewable Energy Equipment, Clean and Efficient Energy Equipment, Engineering and Trade, Modern Manufacturing Services Industry, and Emerging Growth Industry.