China Shenhua Energy Company Limited (OTCMKTS:CSUAY) Sees Large Drop in Short Interest

China Shenhua Energy Company Limited (OTCMKTS:CSUAY - Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 10,500 shares, a drop of 16.0% from the April 30th total of 12,500 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised China Shenhua Energy to a "neutral" rating and set a $32.50 target price on the stock in a report on Monday, March 24th.

China Shenhua Energy Trading Up 2.2%

CSUAY traded up $0.37 during midday trading on Wednesday, hitting $17.03. 5,570 shares of the company were exchanged, compared to its average volume of 16,461. The firm has a market capitalization of $84.68 billion, a P/E ratio of 9.68 and a beta of 0.21. China Shenhua Energy has a 1-year low of $14.50 and a 1-year high of $20.96. The firm's 50 day moving average price is $16.04 and its 200-day moving average price is $16.20. The company has a quick ratio of 2.08, a current ratio of 2.20 and a debt-to-equity ratio of 0.06.

China Shenhua Energy (OTCMKTS:CSUAY - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $0.37 EPS for the quarter. The firm had revenue of $9.57 billion for the quarter. China Shenhua Energy had a return on equity of 12.61% and a net margin of 18.20%. As a group, equities analysts forecast that China Shenhua Energy will post 1.66 EPS for the current fiscal year.

About China Shenhua Energy

China Shenhua Energy Company Limited, together with its subsidiaries, engages in the production and sale of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. It operates through six segments: Coal, Power Generation, Railway, Port, Shipping, and Coal Chemical.