China Coal Energy Co. (OTCMKTS:CCOZY) Sees Large Increase in Short Interest

Key Points

• Short interest spiked 212.1% in April to 181 shares from 58 at March 31, yielding a short-interest ratio of 3.2 days based on average daily volume of 57 shares.
• Goldman Sachs upgraded China Coal Energy from "strong sell" to "Strong Buy" on Jan. 5, and the MarketBeat consensus rating for the stock is currently "Strong Buy."
• Shares traded flat at $34.00 (the 1‑year high) with a market cap of $22.54 billion and a P/E of 8.54, and the 50‑day/200‑day moving averages are $32.03 and $29.28 respectively.

China Coal Energy Co. (OTCMKTS:CCOZY - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 181 shares, an increase of 212.1% from the March 31st total of 58 shares. Based on an average daily trading volume, of 57 shares, the short-interest ratio is presently 3.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of China Coal Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong Buy".

China Coal Energy Price Performance

Shares of OTCMKTS:CCOZY remained flat at $34.00 during trading on Friday. China Coal Energy has a 1 year low of $18.64 and a 1 year high of $34.00. The firm has a 50 day moving average of $32.03 and a two-hundred day moving average of $29.28. The stock has a market capitalization of $22.54 billion, a P/E ratio of 8.54 and a beta of -0.21.

About China Coal Energy

China Coal Energy Co, Ltd. is a major coal producer and integrated energy company in the People’s Republic of China. It operates as the publicly traded arm of the state-owned China National Coal Group and has securities available on mainland and Hong Kong exchanges, with a U.S. over-the-counter quotation under the symbol CCOZY. The company’s business model centers on upstream production and downstream processing of coal and related energy products.

The company’s core activities include coal mining, washing and processing, and the sale and distribution of thermal and coking coal to industrial and utility customers.

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