Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Sees Large Decrease in Short Interest

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 63,121 shares, a decrease of 76.3% from the June 30th total of 266,200 shares. Based on an average daily trading volume, of 35 shares, the short-interest ratio is currently 1,803.5 days.

Dongfang Electric Stock Performance

OTCMKTS DNGFF remained flat at $2.88 during trading on Friday. Dongfang Electric has a 12 month low of $2.00 and a 12 month high of $5.75. The firm’s fifty day moving average price is $3.51 and its 200-day moving average price is $4.04.

Dongfang Electric Company Profile

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).