ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Down 99.9% in September

Key Points

• ENN Energy Holdings Ltd. saw a dramatic decrease in short interest by 99.9% in September, dropping from 214,300 shares to just 300 shares by the end of the month.
• The stock is currently priced at $34.10, experiencing a slight decline during trading hours, with a 12-month price range of $25.07 to $39.00.
• Zacks Research downgraded ENN Energy from a "hold" rating to a "strong sell" rating, contributing to the overall consensus rating of "Sell" for the stock.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 300 shares, a decline of 99.9% from the September 15th total of 214,300 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 0.1 days.

ENN Energy Price Performance

Shares of XNGSY traded down $0.55 during trading hours on Thursday, reaching $34.10. The stock had a trading volume of 2,424 shares, compared to its average volume of 52,004. ENN Energy has a 12 month low of $25.07 and a 12 month high of $39.00. The firm has a 50-day simple moving average of $32.91 and a 200 day simple moving average of $32.39.

Analysts Set New Price Targets

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