Short Interest in Kunlun Energy (OTCMKTS:KLYCY) Declines By 66.7%

Key Points

• The short interest in Kunlun Energy decreased by 66.7% in September, dropping from 300 shares to just 100 shares.
• Zacks Research downgraded the stock rating for Kunlun Energy from "hold" to "strong sell", contributing to a consensus rating of "Sell".
• Kunlun Energy recently announced an increase in its dividend to $0.185, which will be paid on November 7th, representing a 367.0% yield.

Kunlun Energy (OTCMKTS:KLYCY - Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 100 shares, a decline of 66.7% from the September 15th total of 300 shares. Based on an average trading volume of 600 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 600 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Kunlun Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kunlun Energy currently has a consensus rating of "Sell".

Kunlun Energy Stock Performance

Kunlun Energy stock remained flat at $8.97 during midday trading on Friday. The company had a trading volume of 17 shares, compared to its average volume of 388. Kunlun Energy has a fifty-two week low of $8.39 and a fifty-two week high of $11.69. The business has a 50 day moving average of $9.25 and a 200-day moving average of $9.69.

Kunlun Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, September 4th will be paid a $0.185 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a yield of 367.0%. This is an increase from Kunlun Energy's previous dividend of $0.16.

Kunlun Energy Company Profile

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through four segments: Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production.

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