Kunlun Energy Company Limited (OTCMKTS:KLYCY) Sees Large Drop in Short Interest

Kunlun Energy Company Limited (OTCMKTS:KLYCYGet Rating) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, a decline of 80.0% from the March 31st total of 2,500 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is presently 0.2 days.

Separately, Zacks Investment Research raised shares of Kunlun Energy from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, March 1st.

Shares of KLYCY opened at $8.22 on Friday. Kunlun Energy has a one year low of $7.20 and a one year high of $14.50. The company’s fifty day moving average price is $8.85 and its 200 day moving average price is $9.26.

Kunlun Energy Company Profile (Get Rating)

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through four segments: Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production.

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