China Coal Energy Co. (OTCMKTS:CCOZY – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 107 shares, a drop of 42.2% from the May 14th total of 185 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 45 shares, the days-to-cover ratio is presently 2.4 days.
China Coal Energy Stock Performance
Shares of CCOZY opened at $33.12 on Friday. The company has a 50-day simple moving average of $33.54 and a 200-day simple moving average of $30.76. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $21.96 billion, a PE ratio of 8.32 and a beta of -0.33. China Coal Energy has a 52-week low of $22.14 and a 52-week high of $34.00.
About China Coal Energy
China Coal Energy Co, Ltd. is a major coal producer and integrated energy company in the People’s Republic of China. It operates as the publicly traded arm of the state-owned China National Coal Group and has securities available on mainland and Hong Kong exchanges, with a U.S. over-the-counter quotation under the symbol CCOZY. The company’s business model centers on upstream production and downstream processing of coal and related energy products.
The company’s core activities include coal mining, washing and processing, and the sale and distribution of thermal and coking coal to industrial and utility customers.
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