Short Interest in ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Rises By 18.9%

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,341 shares, an increase of 18.9% from the February 26th total of 2,810 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 12,806 shares, the short-interest ratio is presently 0.3 days.

ENN Energy Price Performance

XNGSY stock opened at $32.39 on Wednesday. The firm has a 50 day simple moving average of $34.53 and a 200 day simple moving average of $34.88. ENN Energy has a 52 week low of $28.77 and a 52 week high of $39.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.60 and a current ratio of 0.63.

Analysts Set New Price Targets

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