Short Interest in China Shenhua Energy Co. (OTCMKTS:CSUAY) Grows By 229.2%

China Shenhua Energy Co. (OTCMKTS:CSUAY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 22,653 shares, a growth of 229.2% from the August 15th total of 6,881 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 19,216 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

China Shenhua Energy Price Performance

Shares of CSUAY opened at $23.45 on Friday. The firm has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $22.87. The firm has a market cap of $116.60 billion, a PE ratio of 14.48 and a beta of 0.18. 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 1-year low of $18.78 and a 1-year high of $26.75.

China Shenhua Energy (OTCMKTS:CSUAY) last released its quarterly earnings results on Friday, August 28th. The company reported $0.50 earnings per share (EPS) for the quarter. China Shenhua Energy had a return on equity of 11.61% and a net margin of 16.90%.The firm had revenue of $17.48 billion for the quarter. On average, equities analysts anticipate that China Shenhua Energy will post 1.85 EPS for the current year.

About China Shenhua Energy

China Shenhua Energy Company Limited is an integrated energy company and a subsidiary of China Energy Investment Corporation. Established in 2004, the company is primarily engaged in coal production and sales, while also operating businesses that connect coal resources with transportation, power generation and coal-chemical production.

The company produces thermal coal and metallurgical coal from mines in China, particularly in Inner Mongolia and Shaanxi. Its transportation operations include dedicated railways, ports and a shipping fleet used to move coal from mining regions to customers and power-generation facilities.