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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 33,631 shares, an increase of 4,494.4% from the May 31st total of 732 shares. Based on an average daily trading volume, of 63,373 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

ENN Energy Stock Down 3.2%

OTCMKTS:XNGSY opened at $21.18 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.64. The company’s 50-day moving average is $28.33 and its two-hundred day moving average is $32.52. ENN Energy has a 12-month low of $21.00 and a 12-month high of $39.40.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded ENN Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About ENN Energy

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.