Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) Sees Significant Increase in Short Interest

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 404,350 shares, an increase of 2,006.1% from the August 15th total of 19,199 shares. Based on an average daily trading volume, of 30,532 shares, the days-to-cover ratio is currently 13.2 days. Currently, 3,369.6% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research firms have commented on FOIL. Wall Street Zen upgraded shares of Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five to a “hold” rating in a research report on Saturday, August 22nd. Cantor Fitzgerald initiated coverage on Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five in a report on Tuesday. They set an “overweight” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $31.00.

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Stock Performance

Shares of FOIL traded down $1.12 during trading hours on Thursday, reaching $21.98. The stock had a trading volume of 27,979 shares, compared to its average volume of 36,160. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five has a 52 week low of $20.00 and a 52 week high of $28.49.