Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Increases By 131.4%

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 27,662 shares, an increase of 131.4% from the July 30th total of 11,956 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 31,213 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of ENN Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

ENN Energy Price Performance

Shares of XNGSY stock opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59. ENN Energy has a 12-month low of $20.55 and a 12-month high of $39.40. The stock has a 50 day simple moving average of $22.79 and a 200-day simple moving average of $28.46.

ENN Energy Company Profile

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.