ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Sees Significant Growth in Short Interest

ENN Energy Holdings Ltd. (OTCMKTS:XNGSYGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 9,803 shares, a growth of 1,553.1% from the April 30th total of 593 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 14,069 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on ENN Energy

ENN Energy Stock Down 2.3%

ENN Energy stock traded down $0.67 during mid-day trading on Wednesday, reaching $28.05. 6,436 shares of the company were exchanged, compared to its average volume of 7,882. ENN Energy has a twelve month low of $28.02 and a twelve month high of $39.40. The firm’s 50-day simple moving average is $31.72 and its two-hundred day simple moving average is $34.22. The company has a quick ratio of 0.59, a current ratio of 0.64 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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