China Shenhua Energy Company Limited (OTCMKTS:CSUAY) Short Interest Up 104.3% in March

China Shenhua Energy Company Limited (OTCMKTS:CSUAYGet Rating) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 23,500 shares, a growth of 104.3% from the March 15th total of 11,500 shares. Based on an average daily trading volume, of 237,900 shares, the days-to-cover ratio is presently 0.1 days.

OTCMKTS:CSUAY opened at $13.30 on Thursday. The stock has a market cap of $66.13 billion, a price-to-earnings ratio of 9.92 and a beta of 0.26. The company’s 50 day moving average price is $11.47 and its 200-day moving average price is $10.02. China Shenhua Energy has a 52 week low of $7.43 and a 52 week high of $13.35.

CSUAY has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of China Shenhua Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 13th. Zacks Investment Research cut China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 7th.

About China Shenhua Energy (Get Rating)

China Shenhua Energy Company Limited and its subsidiaries engage in the production and sales of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. The company's Coal segment produces coal from surface and underground mines; and sells coal to power plants, metallurgical and coal chemical producers, and provincial/regional electric grid companies.

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