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

Key Points

• Short interest in ENN Energy Holdings Ltd. decreased by 33.3% in July, with only 400 shares reported short as of July 15th.
• The company's stock price increased by 1.5% to $33.52, following a year range of $22.53 to $39.00.
• ENN Energy announced a significant dividend increase to $1.0154 per share, representing a yield of 3.86%, set to be paid on August 8th.

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 400 shares, adeclineof33.3% from the June 30th total of 600 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is presently 0.0 days.

ENN Energy Stock Performance

Shares of XNGSY stock traded up $0.51 during trading hours on Friday, hitting $33.06. The stock had a trading volume of 4,301 shares, compared to its average volume of 4,136. The stock's 50-day moving average price is $32.48 and its two-hundred day moving average price is $30.67. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. ENN Energy has a one year low of $22.53 and a one year high of $39.00.

ENN Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.0154 per share. The ex-dividend date of this dividend is Thursday, May 29th. This is an increase from ENN Energy's previous dividend of $0.26. This represents a yield of 386.0%.

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.