ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Up 334.3% in February

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,810 shares, an increase of 334.3% from the February 12th total of 647 shares. Based on an average daily volume of 6,491 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,491 shares, the short-interest ratio is presently 0.4 days.

ENN Energy Price Performance

Shares of OTCMKTS:XNGSY opened at $33.84 on Wednesday. The firm’s 50 day simple moving average is $35.11 and its 200-day simple moving average is $34.81. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 0.25. ENN Energy has a one year low of $26.40 and a one year high of $39.40.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded ENN Energy to a “hold” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average 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.