Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Drops By 92.5%

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 732 shares, a drop of 92.5% from the May 14th total of 9,803 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,024 shares, the days-to-cover ratio is presently 0.0 days.

ENN Energy Price Performance

Shares of XNGSY stock traded down $0.13 on Wednesday, reaching $26.35. 7,698 shares of the company’s stock were exchanged, compared to its average volume of 7,196. ENN Energy has a 52 week low of $25.13 and a 52 week high of $39.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.64 and a quick ratio of 0.59. The company’s fifty day simple moving average is $30.65 and its 200 day simple moving average is $33.65.

Analysts Set New Price Targets

Separately, Zacks Research cut ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.