Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Short Interest Update

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 63,121 shares, a drop of 76.3% from the June 30th total of 266,200 shares. Based on an average trading volume of 35 shares, the short-interest ratio is presently 1,803.5 days.

Dongfang Electric Stock Performance

DNGFF remained flat at $2.88 on Friday. The business’s 50 day moving average price is $3.51 and its 200 day moving average price is $4.04. Dongfang Electric has a 1 year low of $2.00 and a 1 year high of $5.75.

About Dongfang Electric

Dongfang Electric Corporation (OTCMKTS: DNGFF) is a leading Chinese state-owned enterprise specializing in the design, manufacture and installation of large-scale power generation equipment. Headquartered in Chengdu, Sichuan Province, the company offers a comprehensive portfolio that spans steam turbines, gas turbines, hydro turbines, boilers, generator sets, wind turbines and nuclear power plant components. In addition to core manufacturing, Dongfang Electric provides engineering, procurement, construction and installation (EPCI) services, as well as operations and maintenance support for power projects.

Founded in 1958 as the Chengdu Electric Machinery Plant and reorganized into its current corporate structure in 1984, Dongfang Electric is supervised by China’s State-owned Assets Supervision and Administration Commission (SASAC).