Short Interest in Kunlun Energy (OTCMKTS:KLYCY) Expands By 716.9%

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 531 shares, a growth of 716.9% from the November 30th total of 65 shares. Based on an average trading volume of 315 shares, the short-interest ratio is currently 1.7 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 315 shares, the short-interest ratio is currently 1.7 days.

Kunlun Energy Price Performance

KLYCY stock remained flat at $9.24 during midday trading on Thursday. The company’s stock had a trading volume of 52 shares, compared to its average volume of 116. The company’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $9.47. Kunlun Energy has a one year low of $8.39 and a one year high of $11.69.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.