Dongfang Electric Co. Limited (OTCMKTS:DNGFF – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 225,121 shares, an increase of 60.4% from the August 31st total of 140,321 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 562.8 days.
Dongfang Electric Price Performance
Dongfang Electric stock remained flat at $2.40 during mid-day trading on Thursday. The company’s stock had a trading volume of 360 shares, compared to its average volume of 1,174. The firm’s 50-day moving average is $2.65 and its two-hundred day moving average is $3.66. Dongfang Electric has a one year low of $2.30 and a one year high of $5.75.
About Dongfang Electric
Dongfang Electric Corporation Limited is a China-based manufacturer and supplier of power-generation equipment and related engineering services. The company develops, designs, manufactures and services equipment used in thermal, hydroelectric, nuclear, wind, solar and gas-fired power projects, as well as other clean-energy and industrial applications.
Its product portfolio includes steam turbines, generators, hydroelectric generating units, nuclear-power equipment, wind turbines and supporting electrical and control systems.
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