Kunlun Energy (OTCMKTS:KLYCY) Stock Short Interest Declines 65.3%

Kunlun Energy (OTCMKTS:KLYCY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,022 shares, a drop of 65.3% from the September 30th total of 8,716 shares. Based on an average daily volume of 4,649 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Kunlun Energy Stock Performance

Shares of KLYCY remained flat at $9.60 during trading hours on Friday. 16 shares of the stock traded hands, compared to its average volume of 1,619. The business’s fifty day simple moving average is $9.76 and its 200-day simple moving average is $9.64. Kunlun Energy has a 52 week low of $7.77 and a 52 week high of $11.76. The company has a quick ratio of 1.76, a current ratio of 1.80 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Kunlun Energy currently has an average rating of “Hold”.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based natural gas company and a subsidiary of PetroChina Company Limited. The company focuses on the development, processing, transportation, storage and distribution of natural gas, serving residential, commercial, industrial and transportation customers.

Its activities include natural gas sales, city-gas distribution, pipeline transmission, compressed natural gas and liquefied natural gas operations, as well as the construction and operation of related infrastructure.