Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Sees Large Increase in Short Interest

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 225,121 shares, an increase of 60.4% from the August 31st total of 140,321 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 562.8 days.

Dongfang Electric Price Performance

OTCMKTS DNGFF remained flat at $2.30 on Wednesday. The stock’s fifty day moving average is $2.66 and its 200 day moving average is $3.68. Dongfang Electric has a twelve month low of $2.00 and a twelve month high of $5.75.

Dongfang Electric Company Profile

Dongfang Electric Corporation Limited is a China-based manufacturer and supplier of power-generation equipment and related engineering services. The company develops, designs, manufactures and services equipment used in thermal, hydroelectric, nuclear, wind, solar and gas-fired power projects, as well as other clean-energy and industrial applications.

Its product portfolio includes steam turbines, generators, hydroelectric generating units, nuclear-power equipment, wind turbines and supporting electrical and control systems.