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

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,202 shares, an increase of ? from the July 15th total of 0 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,241 shares, the days-to-cover ratio is currently 0.2 days.

Kunlun Energy Price Performance

Shares of OTCMKTS KLYCY opened at $8.75 on Friday. The stock has a fifty day moving average price of $8.64 and a 200 day moving average price of $9.59. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15. Kunlun Energy has a 12-month low of $7.77 and a 12-month high of $11.76.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Kunlun Energy

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.