China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) Sees Significant Decline in Short Interest

China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 206 shares, a drop of 92.3% from the August 15th total of 2,659 shares. Based on an average trading volume of 2,880 shares, the days-to-cover ratio is presently 0.1 days.

China Longyuan Power Group Trading Up 2.4%

Shares of CLPXY stock opened at C$6.79 on Friday. China Longyuan Power Group has a 1 year low of C$5.90 and a 1 year high of C$11.35. The firm’s 50 day moving average is C$6.89 and its 200-day moving average is C$7.92.

China Longyuan Power Group Company Profile

China Longyuan Power Group Co, Ltd. (OTCMKTS: CLPXY) is one of China’s leading renewable energy companies, specializing in the development, construction and operation of wind power projects. As a subsidiary of the state-owned China Energy Investment Corporation, the company focuses on harnessing wind resources to generate electricity and deliver clean energy solutions to China’s power grid. Through integrated project management, Longyuan Power oversees site selection, turbine procurement, installation and long-term maintenance of its wind farms.

The company’s core business activities include onshore wind farm development, engineering procurement and construction (EPC) contracting, asset management and ongoing operations and maintenance services.