ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Down 92.5% in May

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 732 shares, a drop of 92.5% from the May 14th total of 9,803 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 21,024 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research cut ENN Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, ENN Energy currently has an average rating of “Sell”.

ENN Energy Stock Up 3.0%

OTCMKTS:XNGSY traded up $0.77 during trading hours on Tuesday, reaching $26.48. 31,747 shares of the company traded hands, compared to its average volume of 7,116. The business’s 50-day moving average price is $30.72 and its two-hundred day moving average price is $33.71. ENN Energy has a 1 year low of $25.13 and a 1 year high of $39.40. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.19.

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.