ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Update

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 33,631 shares, a growth of 4,494.4% from the May 31st total of 732 shares. Based on an average daily volume of 63,373 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research cut ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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ENN Energy Price Performance

XNGSY traded down $0.69 during trading hours on Thursday, hitting $21.18. The company’s stock had a trading volume of 122,670 shares, compared to its average volume of 19,925. The business’s 50-day moving average price is $28.56 and its 200-day moving average price is $32.64. ENN Energy has a 12 month low of $21.00 and a 12 month high of $39.40. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

ENN Energy Company Profile

(Get Free Report)

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.

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