China Coal Energy Co. (OTCMKTS:CCOZY – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 360 shares, a growth of 81.8% from the September 15th total of 198 shares. Based on an average daily volume of 658 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.
China Coal Energy Stock Performance
Shares of China Coal Energy stock opened at $29.19 on Thursday. The company has a market capitalization of $19.35 billion, a PE ratio of 7.33 and a beta of -0.13. The stock’s fifty day moving average is $29.37 and its two-hundred day moving average is $31.03. China Coal Energy has a 52 week low of $24.62 and a 52 week high of $34.00. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group downgraded China Coal Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.
China Coal Energy Company Profile
China Coal Energy Company Limited is a China-based energy and mining company engaged primarily in the production and sale of coal. Its activities include coal exploration, mining, processing and marketing, with products serving power generation, steelmaking and other industrial customers. The company produces thermal coal and coking coal, as well as related coal products.
The company also operates businesses connected to the coal value chain, including coal-to-chemicals and coal-based power generation.
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