Short Interest in Kunlun Energy (OTCMKTS:KLYCY) Expands By 716.9%

Kunlun Energy (OTCMKTS:KLYCY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 531 shares, a growth of 716.9% from the November 30th total of 65 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 315 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 315 shares, the short-interest ratio is presently 1.7 days. Approximately 0.0% of the company’s shares are short sold.

Kunlun Energy Stock Up 1.5%

OTCMKTS:KLYCY traded up $0.14 during mid-day trading on Wednesday, reaching $9.24. The company’s stock had a trading volume of 330 shares, compared to its average volume of 116. Kunlun Energy has a 1 year low of $8.39 and a 1 year high of $11.69. The stock has a fifty day moving average of $9.27 and a 200-day moving average of $9.47.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kunlun Energy has an average rating of “Hold”.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.