China Shenhua Energy Co. (OTCMKTS:CSUAY – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,851 shares, an increase of 96.5% from the July 15th total of 3,996 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 36,479 shares, the short-interest ratio is presently 0.2 days.
Analysts Set New Price Targets
Separately, Zacks Research raised China Shenhua Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
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China Shenhua Energy Stock Performance
China Shenhua Energy Company Profile
China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.
In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.
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