ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Down 92.5% in May

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 732 shares, a decline of 92.5% from the May 14th total of 9,803 shares. Based on an average daily volume of 21,024 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research cut ENN Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ENN Energy presently has an average rating of “Sell”.

ENN Energy Price Performance

ENN Energy stock traded up $0.77 during mid-day trading on Tuesday, reaching $26.48. 31,747 shares of the stock traded hands, compared to its average volume of 7,116. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.19. ENN Energy has a 12-month low of $25.13 and a 12-month high of $39.40. The business’s 50-day moving average is $30.72 and its 200-day moving average is $33.71.

ENN Energy Company Profile

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.