Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Stock Short Interest Jumps 358.2%

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 54,617 shares, an increase of 358.2% from the October 15th total of 11,921 shares. Based on an average daily trading volume, of 964 shares, the days-to-cover ratio is currently 56.7 days.

Dongfang Electric Price Performance

DNGFF stock opened at $1.95 on Wednesday. The firm has a 50 day simple moving average of $2.29 and a 200-day simple moving average of $3.51. Dongfang Electric has a twelve month low of $1.95 and a twelve month high of $5.75.

Dongfang Electric Company Profile

Dongfang Electric Corporation is a China-based manufacturer of power-generation equipment and a provider of related engineering services. Its products and capabilities serve conventional and renewable energy projects, including thermal, hydropower, nuclear, wind and solar power. The company also provides equipment installation, project engineering and technical services for power plants and other energy infrastructure. Its predecessor was established in 1958, and the company is headquartered in Chengdu, Sichuan Province.