Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Expands By 33.3%

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 400 shares, a growth of 33.3% from the July 31st total of 300 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 0.1 days.

ENN Energy Trading Down 1.4%

Shares of OTCMKTS:XNGSY opened at $32.91 on Thursday. The business’s 50 day simple moving average is $32.63 and its 200-day simple moving average is $31.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.68 and a quick ratio of 0.64. ENN Energy has a 12 month low of $22.53 and a 12 month high of $39.00.

Analysts Set New Price Targets

Separately, Zacks Research lowered ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

ENN Energy Company Profile

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.