Kunlun Energy (OTCMKTS:KLYCY) Short Interest Update

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 199 shares, an increase of 68.6% from the May 14th total of 118 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 262 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Zacks Research raised Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kunlun Energy presently has an average rating of “Hold”.

Kunlun Energy Price Performance

KLYCY remained flat at $8.83 during trading on Tuesday. The company had a trading volume of 878 shares, compared to its average volume of 312. Kunlun Energy has a 52-week low of $8.39 and a 52-week high of $11.76. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $9.48 and its 200-day moving average price is $9.86.

About Kunlun Energy

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.