Kunlun Energy (OTCMKTS:KLYCY) Short Interest Up 71.2% in August

Kunlun Energy (OTCMKTS:KLYCY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,058 shares, an increase of 71.2% from the July 30th total of 1,202 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 6.9 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Kunlun Energy Stock Performance

OTCMKTS:KLYCY remained flat at $10.02 during trading hours on Tuesday. The company’s stock had a trading volume of 341 shares, compared to its average volume of 1,792. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.70. The stock has a 50-day moving average of $8.83 and a 200 day moving average of $9.54. Kunlun Energy has a twelve month low of $7.77 and a twelve month high of $11.76.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.