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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,321 shares, a growth of 457.4% from the December 15th total of 237 shares. Based on an average daily volume of 5,954 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,954 shares, the days-to-cover ratio is presently 0.2 days.

ENN Energy Trading Up 0.5%

Shares of OTCMKTS:XNGSY opened at $35.22 on Tuesday. ENN Energy has a one year low of $25.07 and a one year high of $39.40. The stock has a fifty day moving average of $36.08 and a 200-day moving average of $34.11.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded ENN Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

ENN Energy Company Profile

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.