Kunlun Energy (OTCMKTS:KLYCY) Shares Shorted: Short Interest Down 65.3% in October

Kunlun Energy (OTCMKTS:KLYCY) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 3,022 shares, a decline of 65.3% from the September 30th total of 8,716 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,649 shares, the short-interest ratio is presently 0.7 days.

Kunlun Energy Price Performance

OTCMKTS:KLYCY opened at $9.60 on Friday. Kunlun Energy has a 12 month low of $7.77 and a 12 month high of $11.76. The stock has a 50 day moving average of $9.76 and a two-hundred day moving average of $9.64. The company has a current ratio of 1.80, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

Separately, Zacks Research raised Kunlun Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based natural gas company and a subsidiary of PetroChina Company Limited. The company focuses on the development, processing, transportation, storage and distribution of natural gas, serving residential, commercial, industrial and transportation customers.

Its activities include natural gas sales, city-gas distribution, pipeline transmission, compressed natural gas and liquefied natural gas operations, as well as the construction and operation of related infrastructure.