Kunlun Energy (OTCMKTS:KLYCY – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 11,403 shares, a growth of 52.4% from the August 31st total of 7,482 shares. Based on an average trading volume of 2,622 shares, the days-to-cover ratio is currently 4.3 days. Approximately 0.0% of the company’s stock are sold short.
Kunlun Energy Stock Performance
Shares of OTCMKTS KLYCY opened at $9.60 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.70. Kunlun Energy has a fifty-two week low of $7.77 and a fifty-two week high of $11.76. The stock’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $9.43.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
About Kunlun Energy
Kunlun Energy Company Limited is a China-focused natural gas company and a subsidiary of China National Petroleum Corporation (CNPC). Through its operating businesses, the company supplies natural gas to residential, commercial and industrial customers and supports the development of natural gas infrastructure.
Its activities include natural gas sales and distribution, pipeline transmission, liquefied natural gas processing and related storage and transportation services. Kunlun Energy also participates in compressed natural gas and other gas-related projects, serving customers across multiple regions of mainland China.
The company has historical ties to CNPC’s natural gas distribution operations and is incorporated in Hong Kong, with its principal business activities conducted in China.
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