ENN Energy Holdings Limited (OTCMKTS:XNGSY) Short Interest Update

ENN Energy Holdings Limited (OTCMKTS:XNGSYGet Rating) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 13,600 shares, an increase of 3,300.0% from the March 15th total of 400 shares. Based on an average daily trading volume, of 49,900 shares, the days-to-cover ratio is presently 0.3 days.

OTCMKTS XNGSY opened at $55.90 on Thursday. The firm has a 50-day moving average of $57.92 and a 200-day moving average of $65.09. ENN Energy has a 52-week low of $47.15 and a 52-week high of $92.30.

Separately, Zacks Investment Research upgraded shares of ENN Energy from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, March 17th.

About ENN Energy (Get Rating)

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructures; and integrated energy, and vehicle and ship refueling stations in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

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