Short Interest in Kunlun Energy (OTCMKTS:KLYCY) Drops By 68.0%

Kunlun Energy (OTCMKTS:KLYCY) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 118 shares, a drop of 68.0% from the April 30th total of 369 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 157 shares, the days-to-cover ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Kunlun Energy Stock Performance

Shares of OTCMKTS KLYCY remained flat at $9.76 during trading on Friday. The stock had a trading volume of 23 shares, compared to its average volume of 101. Kunlun Energy has a twelve month low of $8.39 and a twelve month high of $11.76. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $9.96 and a 200-day moving average price of $9.90.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.