ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Update

Key Points

• ENN Energy Holdings Ltd. experienced a dramatic increase in short interest for September, soaring by 15,207.1% to a total of 214,300 shares.
• The company's stock has seen a slight rise of 1.8%, trading at $33.04, while the consensus analyst rating is currently a "Sell".
• Zacks Research downgraded ENN Energy from a "hold" to a "strong sell" rating as of September 2nd.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 214,300 shares, an increase of 15,207.1% from the August 31st total of 1,400 shares. Based on an average daily volume of 51,700 shares, the days-to-cover ratio is currently 4.1 days. Based on an average daily volume of 51,700 shares, the days-to-cover ratio is currently 4.1 days.

ENN Energy Trading Up 1.8%

Shares of OTCMKTS XNGSY traded up $0.60 on Tuesday, hitting $33.04. The company's stock had a trading volume of 2,307 shares, compared to its average volume of 55,219. ENN Energy has a 12-month low of $25.07 and a 12-month high of $39.00. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $32.82 and a 200-day moving average of $32.36.

Analyst Upgrades and Downgrades

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

About ENN Energy

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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