Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Declines By 87.4%

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,956 shares, a decline of 87.4% from the July 15th total of 95,120 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 82,959 shares, the days-to-cover ratio is currently 0.1 days.

ENN Energy Price Performance

ENN Energy stock opened at $24.00 on Thursday. The stock has a fifty day moving average price of $22.82 and a two-hundred day moving average price of $29.29. ENN Energy has a 52-week low of $20.55 and a 52-week high of $39.40. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of ENN Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About ENN Energy

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.