China Shenhua Energy Co. (OTCMKTS:CSUAY) Sees Large Decline in Short Interest

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,523 shares, a decrease of 84.6% from the April 30th total of 22,863 shares. Based on an average daily volume of 40,028 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China Shenhua Energy to a “hold” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

China Shenhua Energy Stock Performance

Shares of OTCMKTS CSUAY traded up $0.57 during midday trading on Friday, hitting $22.97. 4,566 shares of the company’s stock traded hands, compared to its average volume of 14,057. China Shenhua Energy has a 1 year low of $15.22 and a 1 year high of $26.75. The stock has a market capitalization of $114.22 billion, a price-to-earnings ratio of 15.42 and a beta of 0.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.99. The firm has a fifty day moving average of $23.61 and a 200 day moving average of $22.22.

China Shenhua Energy (OTCMKTS:CSUAY) last released its earnings results on Friday, April 24th. The company reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $10.16 billion during the quarter. China Shenhua Energy had a net margin of 17.81% and a return on equity of 10.52%. On average, analysts forecast that China Shenhua Energy will post 1.79 earnings per share for the current year.

About China Shenhua Energy

China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.

In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.