Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Stock Short Interest Declines 76.1%

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 11,921 shares, a drop of 76.1% from the September 30th total of 49,921 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days.

Dongfang Electric Price Performance

Shares of DNGFF stock remained flat at $2.00 during trading on Thursday. The stock has a 50 day moving average of $2.43 and a 200 day moving average of $3.57. Dongfang Electric has a 12 month low of $2.00 and a 12 month high of $5.75.

Dongfang Electric Company Profile

Dongfang Electric Co, Ltd. is a China-based manufacturer of power-generation equipment and a provider of related engineering services. The company develops, designs and produces equipment for conventional and renewable energy projects, serving utilities, industrial customers and power-generation developers.

Its product portfolio includes equipment for hydroelectric, thermal, nuclear, wind and solar power projects, as well as gas turbines and other energy systems. Dongfang Electric also provides project engineering, equipment integration, installation, commissioning, maintenance and related technical services.

Headquartered in Chengdu, Sichuan Province, China, the company is part of the broader Dongfang Electric group and has participated in power projects in China and international markets.