ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Sees Significant Increase in Short Interest

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 recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,400 shares, an increase of 250.0% from the August 15th total of 400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

ENN Energy Trading Up 3.3%

Shares of OTCMKTS:XNGSY opened at $34.00 on Friday. ENN Energy has a 12-month low of $22.53 and a 12-month high of $39.00. The business has a 50 day moving average of $32.66 and a 200-day moving average of $31.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.68.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded ENN Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus 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.

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