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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 569 shares, an increase of 69.9% from the January 15th total of 335 shares. Based on an average trading volume of 6,871 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,871 shares, the days-to-cover ratio is presently 0.1 days.

ENN Energy Trading Up 0.8%

Shares of XNGSY stock opened at $34.80 on Friday. ENN Energy has a 1 year low of $25.29 and a 1 year high of $39.40. The stock has a fifty day moving average of $35.50 and a two-hundred day moving average of $34.50. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

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

About ENN Energy

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.