ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Update

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,803 shares, an increase of 1,553.1% from the April 30th total of 593 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 14,069 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ENN Energy has a consensus rating of “Sell”.

ENN Energy Trading Down 1.0%

Shares of XNGSY opened at $27.77 on Friday. ENN Energy has a 12 month low of $26.95 and a 12 month high of $39.40. The stock has a fifty day moving average price of $31.59 and a 200-day moving average price of $34.17. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

About ENN Energy

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.