Dongfang Electric Co. Limited (OTCMKTS:DNGFF – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 266,800 shares, a decrease of 82.4% from the May 31st total of 1,513,290 shares. Based on an average trading volume of 6,682 shares, the days-to-cover ratio is presently 39.9 days.
Dongfang Electric Stock Performance
Shares of DNGFF remained flat at $2.88 during midday trading on Friday. The business has a 50-day moving average of $4.48 and a 200-day moving average of $4.06. Dongfang Electric has a 52-week low of $2.00 and a 52-week high of $5.75.
Dongfang Electric Company Profile
Dongfang Electric Corporation (OTCMKTS: DNGFF) is a leading Chinese state-owned enterprise specializing in the design, manufacture and installation of large-scale power generation equipment. Headquartered in Chengdu, Sichuan Province, the company offers a comprehensive portfolio that spans steam turbines, gas turbines, hydro turbines, boilers, generator sets, wind turbines and nuclear power plant components. In addition to core manufacturing, Dongfang Electric provides engineering, procurement, construction and installation (EPCI) services, as well as operations and maintenance support for power projects.
Founded in 1958 as the Chengdu Electric Machinery Plant and reorganized into its current corporate structure in 1984, Dongfang Electric is supervised by China’s State-owned Assets Supervision and Administration Commission (SASAC).
Featured Articles
- Five stocks we like better than Dongfang Electric
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Receive News & Ratings for Dongfang Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dongfang Electric and related companies with MarketBeat.com's FREE daily email newsletter.
