Short Interest in China Shenhua Energy Co. (OTCMKTS:CSUAY) Expands By 229.2%

China Shenhua Energy Co. (OTCMKTS:CSUAY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 22,653 shares, an increase of 229.2% from the August 15th total of 6,881 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 19,216 shares, the days-to-cover ratio is currently 1.2 days.

China Shenhua Energy Stock Performance

Shares of OTCMKTS:CSUAY traded down $0.15 on Friday, reaching $23.45. The company’s stock had a trading volume of 10,951 shares, compared to its average volume of 11,002. China Shenhua Energy has a 52-week low of $18.78 and a 52-week high of $26.75. The stock has a market capitalization of $116.60 billion, a P/E ratio of 14.48 and a beta of 0.18. The stock’s 50-day moving average is $22.31 and its two-hundred day moving average is $22.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.93.

China Shenhua Energy (OTCMKTS:CSUAY) last released its quarterly earnings results on Friday, August 28th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $17.48 billion for the quarter. China Shenhua Energy had a return on equity of 11.61% and a net margin of 16.90%. As a group, sell-side analysts forecast that China Shenhua Energy will post 1.85 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, China Shenhua Energy currently has a consensus rating of “Hold”.

About China Shenhua Energy

China Shenhua Energy Company Limited is an integrated energy company and a subsidiary of China Energy Investment Corporation. Established in 2004, the company is primarily engaged in coal production and sales, while also operating businesses that connect coal resources with transportation, power generation and coal-chemical production.

The company produces thermal coal and metallurgical coal from mines in China, particularly in Inner Mongolia and Shaanxi. Its transportation operations include dedicated railways, ports and a shipping fleet used to move coal from mining regions to customers and power-generation facilities.