China Shenhua Energy Co. (OTCMKTS:CSUAY) Sees Significant Decrease in Short Interest

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 21,867 shares, a decline of 40.0% from the June 15th total of 36,431 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 70,348 shares, the short-interest ratio is currently 0.3 days.

China Shenhua Energy Price Performance

CSUAY stock traded up $0.37 during trading on Friday, hitting $21.61. The company had a trading volume of 14,686 shares, compared to its average volume of 17,614. The business has a 50 day moving average of $22.10 and a 200 day moving average of $22.52. The firm has a market capitalization of $107.43 billion, a price-to-earnings ratio of 14.50 and a beta of 0.20. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05. China Shenhua Energy has a fifty-two week low of $16.43 and a fifty-two week high of $26.75.

China Shenhua Energy (OTCMKTS:CSUAY) last announced its quarterly earnings data on Friday, April 24th. The company reported $0.34 EPS for the quarter. The company had revenue of $10.16 billion during the quarter. China Shenhua Energy had a return on equity of 10.52% and a net margin of 17.81%. As a group, research analysts predict that China Shenhua Energy will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded China Shenhua Energy from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

China Shenhua Energy Company Profile

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.