ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Sees Significant Increase in Short Interest

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 214,300 shares, a growth of 15,207.1% from the August 31st total of 1,400 shares. Based on an average daily volume of 51,700 shares, the days-to-cover ratio is currently 4.1 days. Based on an average daily volume of 51,700 shares, the days-to-cover ratio is currently 4.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of ENN Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ENN Energy Stock Up 0.1%

XNGSY stock opened at $33.07 on Thursday. The business has a 50 day moving average of $32.83 and a 200 day moving average of $32.37. ENN Energy has a twelve month low of $25.07 and a twelve month high of $39.00.

About ENN Energy

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure 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.