China Shenhua Energy Co. (OTCMKTS:CSUAY) Sees Large Decline in Short Interest

Key Points

• Short interest in China Shenhua Energy decreased by 56.8%, dropping from 4,400 shares to 1,900 shares as of August 31st.
• UBS Group downgraded the company's rating from "hold" to "strong sell," contributing to a consensus rating of "Reduce” with an average target price of $32.50.
• The company has announced a dividend increase, raising its payout to $1.0629 per share, which represents a yield of 610.0% based on its payout ratio of 66.88%.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,900 shares, a decrease of 56.8% from the August 15th total of 4,400 shares. Based on an average trading volume of 11,400 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 11,400 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, UBS Group cut China Shenhua Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $32.50.

China Shenhua Energy Trading Down 1.7%

Shares of China Shenhua Energy stock traded down $0.33 on Thursday, reaching $19.50. The company had a trading volume of 4,915 shares, compared to its average volume of 5,000. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.17 and a quick ratio of 2.04. The firm's 50-day moving average price is $18.15 and its two-hundred day moving average price is $16.91. China Shenhua Energy has a 1 year low of $14.50 and a 1 year high of $20.31.

China Shenhua Energy (OTCMKTS:CSUAY - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.37 earnings per share (EPS) for the quarter. China Shenhua Energy had a return on equity of 11.13% and a net margin of 18.27%.The business had revenue of $9.48 billion for the quarter. On average, research analysts anticipate that China Shenhua Energy will post 1.66 earnings per share for the current year.

China Shenhua Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, July 1st were paid a $1.0629 dividend. The ex-dividend date was Monday, June 30th. This is a positive change from China Shenhua Energy's previous dividend of $1.05. This represents a dividend yield of 610.0%. China Shenhua Energy's dividend payout ratio (DPR) is 67.52%.

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.