Dongfang Electric Co. Limited (OTCMKTS:DNGFF – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 54,617 shares, an increase of 358.2% from the October 15th total of 11,921 shares. Based on an average trading volume of 964 shares, the days-to-cover ratio is currently 56.7 days.
Dongfang Electric Trading Up 10.3%
DNGFF opened at $2.15 on Friday. The business’s 50-day simple moving average is $2.26 and its 200 day simple moving average is $3.49. Dongfang Electric has a 52-week low of $1.95 and a 52-week high of $5.75.
About Dongfang Electric
Dongfang Electric Corporation is a China-based manufacturer of power-generation equipment and a provider of related engineering services. Its products and capabilities serve conventional and renewable energy projects, including thermal, hydropower, nuclear, wind and solar power. The company also provides equipment installation, project engineering and technical services for power plants and other energy infrastructure. Its predecessor was established in 1958, and the company is headquartered in Chengdu, Sichuan Province.
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