Dongfang Electric Co. Limited (OTCMKTS:DNGFF – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 49,921 shares, a decline of 77.8% from the September 15th total of 225,121 shares. Based on an average daily trading volume, of 65 shares, the days-to-cover ratio is currently 768.0 days.
Dongfang Electric Stock Performance
Shares of OTCMKTS DNGFF opened at $2.40 on Tuesday. The stock’s 50 day moving average price is $2.57 and its two-hundred day moving average price is $3.51. Dongfang Electric has a 52-week low of $2.30 and a 52-week high of $5.75.
Dongfang Electric Company Profile
Dongfang Electric Corporation Limited is a China-based manufacturer and supplier of power-generation equipment and related engineering services. The company develops, designs, manufactures and services equipment used in thermal, hydroelectric, nuclear, wind, solar and gas-fired power projects, as well as other clean-energy and industrial applications.
Its product portfolio includes steam turbines, generators, hydroelectric generating units, nuclear-power equipment, wind turbines and supporting electrical and control systems.
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