China Shenhua Energy Co. (OTCMKTS:CSUAY) Shares Shorted: Short Interest Down 78.2% in October

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,131 shares, a drop of 78.2% from the September 30th total of 28,171 shares. Based on an average trading volume of 28,953 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

China Shenhua Energy Stock Up 0.6%

Shares of CSUAY stock traded up $0.12 during midday trading on Thursday, reaching $21.15. 595 shares of the stock were exchanged, compared to its average volume of 17,144. China Shenhua Energy has a 1 year low of $19.01 and a 1 year high of $26.75. The company’s 50 day moving average is $22.52 and its two-hundred day moving average is $22.59. The firm has a market cap of $105.17 billion, a PE ratio of 12.82 and a beta of 0.21. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

China Shenhua Energy (OTCMKTS:CSUAY) last issued its quarterly earnings results on Friday, October 23rd. The company reported $0.44 EPS for the quarter. China Shenhua Energy had a return on equity of 11.40% and a net margin of 15.92%. The firm had revenue of $15.83 billion for the quarter. On average, equities research analysts predict that China Shenhua Energy will post 1.87 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

China Shenhua Energy Company Profile

China Shenhua Energy Co, Ltd. is an integrated energy company based in China. The company is primarily engaged in coal production and sales, power generation, railway transportation, port operations and shipping. It also operates coal-to-chemicals businesses that convert coal into products such as olefins.

China Shenhua’s coal mining activities are concentrated in major coal-producing regions of China, while its transportation infrastructure—including railways, ports and shipping operations—supports the movement of coal from mines to customers and power plants.