Short Interest in China Shenhua Energy Co. (OTCMKTS:CSUAY) Drops By 56.8%

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) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 1,900 shares, a drop of 56.8% from the August 15th total of 4,400 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

China Shenhua Energy Price Performance

CSUAY traded down $0.45 on Friday, hitting $19.00. 3,432 shares of the company's stock were exchanged, compared to its average volume of 4,936. The company has a current ratio of 2.17, a quick ratio of 2.04 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $17.89 and a 200-day moving average price of $16.81. The stock has a market cap of $94.48 billion, a price-to-earnings ratio of 12.10 and a beta of 0.24. China Shenhua Energy has a fifty-two week low of $14.50 and a fifty-two week high of $20.02.

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

China Shenhua Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, July 1st were paid a dividend of $1.0629 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 610.0%. This is a boost from China Shenhua Energy's previous dividend of $1.05. China Shenhua Energy's dividend payout ratio (DPR) is currently 66.88%.

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.

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