Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) Short Interest Update

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 2,084 shares, a decrease of 99.5% from the August 31st total of 404,350 shares. Based on an average trading volume of 28,655 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FOIL. Wall Street Zen raised Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five to a “hold” rating in a research note on Saturday, August 22nd. Cantor Fitzgerald initiated coverage on Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five in a report on Tuesday, September 8th. They set an “overweight” rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $31.00.

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Trading Down 3.5%

FOIL traded down $0.65 during trading on Thursday, hitting $18.07. The stock had a trading volume of 28,525 shares, compared to its average volume of 22,693. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five has a 12 month low of $17.64 and a 12 month high of $28.49.

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Company Profile

Londian Wason New Energy Tech Inc is a holding company whose operations are conducted through subsidiaries in China. The company focuses on the production and sale of aluminum foil products for new-energy and other industrial applications.

Its product activities are associated with aluminum foil used in lithium-ion batteries and related energy-storage applications, as well as foil products serving broader commercial and manufacturing markets. These materials may be supplied to battery, electronics, packaging, and other industrial customers.

Publicly available information about the company’s operating history, geographic reach, and executive leadership is limited.