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

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,454 shares, a growth of 215.1% from the September 30th total of 2,048 shares. Based on an average daily trading volume, of 32,594 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

FOIL has been the subject of a number of analyst reports. Wall Street Zen raised Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. 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 target price on the stock. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company has a consensus 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 1.2%

NYSE:FOIL traded down $0.18 during trading hours on Friday, hitting $15.25. The company had a trading volume of 36,211 shares, compared to its average volume of 36,535. The business’s 50-day moving average price is $19.68. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five has a 1 year low of $15.08 and a 1 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 China-based energy technology company focused on the development and manufacture of electricity metering and related products. Through its operating subsidiaries, the company provides electric meters and other equipment used in power measurement, monitoring and management.

Its product offerings include smart electricity meters and supporting components designed for applications such as residential, commercial and industrial power consumption management.