Kunlun Energy (OTCMKTS:KLYCY) Short Interest Up 310.0% in April

Kunlun Energy (OTCMKTS:KLYCY) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 369 shares, a growth of 310.0% from the April 15th total of 90 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 449 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Kunlun Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Kunlun Energy Stock Performance

OTCMKTS KLYCY remained flat at $10.08 during trading hours on Thursday. 63 shares of the company’s stock were exchanged, compared to its average volume of 199. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.70. The firm has a fifty day moving average price of $10.31 and a 200-day moving average price of $9.87. Kunlun Energy has a 52 week low of $8.39 and a 52 week high of $11.76.

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.