Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) Sees Large Growth 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 target of a large growth in short interest in 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 daily volume of 2,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.5 days.

Yankuang Energy Group Trading Up 4.3%

Yankuang Energy Group stock traded up $0.55 during trading hours on Friday, hitting $13.31. The company had a trading volume of 1,010 shares, compared to its average volume of 1,524. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.53. The firm's fifty day moving average is $11.75 and its 200-day moving average is $11.00. Yankuang Energy Group has a fifty-two week low of $9.18 and a fifty-two week high of $15.50.

Yankuang Energy Group (OTCMKTS:YZCAY - Get Free Report) last posted its quarterly earnings data on Friday, August 29th. The energy company reported $0.28 earnings per share (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. Research analysts anticipate that Yankuang Energy Group will post 2.58 EPS for the current year.

Yankuang Energy Group Cuts Dividend

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

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.