Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Short Interest Down 82.4% in June

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 266,800 shares, a drop of 82.4% from the May 31st total of 1,513,290 shares. Based on an average daily volume of 6,682 shares, the short-interest ratio is presently 39.9 days.

Dongfang Electric Stock Performance

Shares of DNGFF opened at $2.88 on Friday. The stock has a 50 day moving average of $4.48 and a 200-day moving average of $4.06. Dongfang Electric has a 52 week low of $2.00 and a 52 week high of $5.75.

About Dongfang Electric

Dongfang Electric Corporation (OTCMKTS: DNGFF) is a leading Chinese state-owned enterprise specializing in the design, manufacture and installation of large-scale power generation equipment. Headquartered in Chengdu, Sichuan Province, the company offers a comprehensive portfolio that spans steam turbines, gas turbines, hydro turbines, boilers, generator sets, wind turbines and nuclear power plant components. In addition to core manufacturing, Dongfang Electric provides engineering, procurement, construction and installation (EPCI) services, as well as operations and maintenance support for power projects.

Founded in 1958 as the Chengdu Electric Machinery Plant and reorganized into its current corporate structure in 1984, Dongfang Electric is supervised by China’s State-owned Assets Supervision and Administration Commission (SASAC).