Kunlun Energy (OTCMKTS:KLYCY) Short Interest Up ∞ in July

Kunlun Energy (OTCMKTS:KLYCY) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,202 shares, an increase of ∞ from the July 15th total of 0 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,241 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kunlun Energy has an average rating of “Sell”.

Kunlun Energy Stock Performance

Shares of OTCMKTS:KLYCY opened at $8.75 on Monday. The business has a 50 day moving average price of $8.64 and a 200 day moving average price of $9.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.70 and a current ratio of 1.73. Kunlun Energy has a twelve month low of $7.77 and a twelve month high of $11.76.

About Kunlun Energy

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.