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

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 383 shares, a drop of 90.7% from the March 31st total of 4,129 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 27,516 shares, the short-interest ratio is presently 0.0 days.

ENN Energy Stock Performance

XNGSY stock opened at $32.13 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.64. ENN Energy has a twelve month low of $28.87 and a twelve month high of $39.40. The business has a fifty day moving average of $33.66 and a 200-day moving average of $34.79.

Analyst Ratings Changes

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