Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Grows By 250.0%

Key Points

• ENN Energy Holdings Ltd. experienced a substantial increase in short interest, rising by 250% in August to a total of 1,400 shares.
• The company's shares have seen a trading increase of 3.3%, with a current price of $34.00 and a 12-month high of $39.00.
• Zacks Research downgraded ENN Energy from a "hold" to a "strong sell" rating, reflecting a consensus rating of "Sell" among analysts.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,400 shares, a growth of 250.0% from the August 15th total of 400 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.3 days.

ENN Energy Stock Performance

Shares of ENN Energy stock traded down $0.13 on Wednesday, reaching $33.64. 1,679 shares of the stock were exchanged, compared to its average volume of 57,915. ENN Energy has a 1-year low of $23.87 and a 1-year high of $39.00. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $32.73 and a two-hundred day moving average price of $31.99.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of ENN Energy from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ENN Energy has an average rating of "Sell".

ENN Energy Company Profile

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.