China Shenhua Energy Co. (OTCMKTS:CSUAY) Sees Large Decline in Short Interest

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 21,867 shares, a decrease of 40.0% from the June 15th total of 36,431 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 70,348 shares, the short-interest ratio is presently 0.3 days.

China Shenhua Energy Stock Performance

CSUAY opened at $21.90 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.99. The stock has a market capitalization of $108.90 billion, a price-to-earnings ratio of 14.70 and a beta of 0.20. The company has a fifty day moving average of $22.14 and a 200 day moving average of $22.52. China Shenhua Energy has a fifty-two week low of $16.20 and a fifty-two week high of $26.75.

China Shenhua Energy (OTCMKTS:CSUAY) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.34 EPS for the quarter. The business had revenue of $10.16 billion for the quarter. China Shenhua Energy had a net margin of 17.81% and a return on equity of 10.52%. As a group, sell-side analysts forecast that China Shenhua Energy will post 1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised China Shenhua Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

About China Shenhua Energy

China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.

In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.