China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) Sees Large Growth in Short Interest

China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,027 shares, an increase of 2,825.7% from the August 31st total of 206 shares. Based on an average daily volume of 6,655 shares, the days-to-cover ratio is presently 0.9 days.

China Longyuan Power Group Price Performance

Shares of OTCMKTS CLPXY traded up C$0.02 on Thursday, reaching C$6.13. 14,996 shares of the company’s stock traded hands, compared to its average volume of 3,423. The business’s 50 day simple moving average is C$6.87 and its two-hundred day simple moving average is C$7.74. China Longyuan Power Group has a 12 month low of C$5.90 and a 12 month high of C$11.35.

China Longyuan Power Group Company Profile

China Longyuan Power Group Co, Ltd. (OTCMKTS: CLPXY) is one of China’s leading renewable energy companies, specializing in the development, construction and operation of wind power projects. As a subsidiary of the state-owned China Energy Investment Corporation, the company focuses on harnessing wind resources to generate electricity and deliver clean energy solutions to China’s power grid. Through integrated project management, Longyuan Power oversees site selection, turbine procurement, installation and long-term maintenance of its wind farms.

The company’s core business activities include onshore wind farm development, engineering procurement and construction (EPC) contracting, asset management and ongoing operations and maintenance services.