Kunlun Energy (OTCMKTS:KLYCY) Sees Large Increase in Short Interest

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,058 shares, an increase of 71.2% from the July 30th total of 1,202 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 300 shares, the short-interest ratio is presently 6.9 days.

Kunlun Energy Price Performance

OTCMKTS KLYCY traded up $0.24 during mid-day trading on Monday, hitting $10.02. The stock had a trading volume of 341 shares, compared to its average volume of 5,026. The company has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $9.55. Kunlun Energy has a 52-week low of $7.77 and a 52-week high of $11.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.70 and a current ratio of 1.73.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Kunlun Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Kunlun Energy Company Profile

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.