Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) Short Interest Update

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,084 shares, a drop of 99.5% from the August 31st total of 404,350 shares. Based on an average daily trading volume, of 28,655 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several brokerages recently issued reports on FOIL. Cantor Fitzgerald started coverage on Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five in a report on Tuesday, September 8th. They set an “overweight” rating and a $31.00 price objective for the company. Wall Street Zen upgraded Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five presently has an average rating of “Buy” and an average target price of $31.00.

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Stock Down 3.5%

FOIL traded down $0.65 during midday trading on Thursday, hitting $18.07. 28,525 shares of the company’s stock traded hands, compared to its average volume of 22,693. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five has a one year low of $17.64 and a one year high of $28.49.

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Company Profile

Londian Wason New Energy Tech Inc is a holding company whose operations are conducted through subsidiaries in China. The company focuses on the production and sale of aluminum foil products for new-energy and other industrial applications.

Its product activities are associated with aluminum foil used in lithium-ion batteries and related energy-storage applications, as well as foil products serving broader commercial and manufacturing markets. These materials may be supplied to battery, electronics, packaging, and other industrial customers.

Publicly available information about the company’s operating history, geographic reach, and executive leadership is limited.