ENN Energy Holdings Limited (OTCMKTS:XNGSY) Sees Large Growth in Short Interest

ENN Energy Holdings Limited (OTCMKTS:XNGSY – Get Rating) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 8,000 shares, an increase of 1,042.9% from the April 30th total of 700 shares. Based on an average daily volume of 45,700 shares, the short-interest ratio is presently 0.2 days.

Separately, Zacks Investment Research downgraded shares of ENN Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.

Shares of XNGSY traded down $1.06 during mid-day trading on Wednesday, reaching $55.85. The stock had a trading volume of 19,178 shares, compared to its average volume of 36,917. ENN Energy has a 52-week low of $47.15 and a 52-week high of $92.30. The business’s fifty day moving average is $55.79 and its 200 day moving average is $63.18.

The business also recently announced a dividend, which will be paid on Monday, August 8th. Shareholders of record on Tuesday, May 24th will be paid a dividend of $1.0256 per share. This represents a yield of 2.28%. The ex-dividend date of this dividend is Monday, May 23rd.

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 five segments: Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business.

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