Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) Sees Significant Increase in Short Interest

Key Points

• Yankuang Energy Group's short interest surged by 22.2% in August, rising from 900 shares to 1,100 shares, resulting in a short-interest ratio of 0.5 days.
• The company's quarterly earnings report revealed an earnings per share of $0.28, which was below the expected $0.64, while revenues were significantly lower than forecasts, reaching $3.27 billion against an expectation of $7.36 billion.
• Yankuang Energy Group has announced a dividend of $0.1772 per share, with a remarkable dividend yield of 913.0%, to be paid on November 3rd.

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,100 shares, a growth of 22.2% from the August 15th total of 900 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.5 days.

Yankuang Energy Group Price Performance

Yankuang Energy Group stock traded up $0.55 during trading hours on Monday, hitting $13.31. 1,010 shares of the company traded hands, compared to its average volume of 1,554. The firm's 50-day simple moving average is $11.75 and its two-hundred day simple moving average is $11.01. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. Yankuang Energy Group has a 1-year low of $9.18 and a 1-year high of $15.50.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The energy company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.36). The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $7.36 billion. On average, sell-side analysts predict that Yankuang Energy Group will post 2.58 EPS for the current fiscal year.

Yankuang Energy Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, September 15th will be given a dividend of $0.1772 per share. The ex-dividend date is Friday, September 12th. This represents a yield of 913.0%.

About Yankuang Energy Group

Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal in China and internationally. It offers thermal, PCI, and coking coal for electric power, metallurgy, chemical industry, etc.; manufactures, installs, and sells mining equipment and machinery; manufactures and sells coal mining and excavating equipment, cable, and rubber products; manufactures and sells methanol, acetic acid, ethyl acetate, caprolactam, naphtha, crude liquid wax, etc.; produces and sells chemicals and synthesis catalyst; explores for potash mineral; and sells coal mine machinery equipment and accessories, construction materials, petroleum products, and mineral products.