Short Interest in Kunlun Energy (OTCMKTS:KLYCY) Declines By 68.0%

Kunlun Energy (OTCMKTS:KLYCY) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 118 shares, a drop of 68.0% from the April 30th total of 369 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 157 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kunlun Energy Stock Performance

Shares of OTCMKTS:KLYCY opened at $9.76 on Monday. The business’s 50 day moving average price is $9.96 and its 200-day moving average price is $9.91. Kunlun Energy has a 1 year low of $8.39 and a 1 year high of $11.76. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15.

Kunlun Energy Company Profile

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.