Kunlun Energy (OTCMKTS:KLYCY) Shares Shorted: Short Interest Down 65.3% in October

Kunlun Energy (OTCMKTS:KLYCY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,022 shares, a drop of 65.3% from the September 30th total of 8,716 shares. Based on an average daily volume of 4,649 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Kunlun Energy currently has a consensus rating of “Hold”.

Kunlun Energy Trading Up 0.6%

Shares of OTCMKTS KLYCY traded up $0.06 during trading on Thursday, reaching $9.60. 150 shares of the company traded hands, compared to its average volume of 4,149. Kunlun Energy has a 12-month low of $7.77 and a 12-month high of $11.76. The firm’s fifty day simple moving average is $9.75 and its 200 day simple moving average is $9.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.76 and a current ratio of 1.80.

Kunlun Energy Company Profile

Kunlun Energy Company Limited is a China-based natural gas company and a subsidiary of PetroChina Company Limited. The company focuses on the development, processing, transportation, storage and distribution of natural gas, serving residential, commercial, industrial and transportation customers.

Its activities include natural gas sales, city-gas distribution, pipeline transmission, compressed natural gas and liquefied natural gas operations, as well as the construction and operation of related infrastructure.