China Shenhua Energy Co. (OTCMKTS:CSUAY – Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,523 shares, a decrease of 84.6% from the April 30th total of 22,863 shares. Based on an average daily volume of 40,028 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of China Shenhua Energy to a “hold” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on CSUAY
China Shenhua Energy Trading Up 2.6%
China Shenhua Energy (OTCMKTS:CSUAY – Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $0.34 EPS for the quarter. China Shenhua Energy had a net margin of 17.81% and a return on equity of 10.52%. The firm had revenue of $10.16 billion for the quarter. On average, research analysts predict that China Shenhua Energy will post 1.79 EPS for the current fiscal year.
About China Shenhua Energy
China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.
In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.
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