Kunlun Energy Company Limited (OTCMKTS:KLYCY – Get 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 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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