Kunlun Energy (OTCMKTS:KLYCY) Sees Large Increase in Short Interest

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,058 shares, an increase of 71.2% from the July 30th total of 1,202 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 6.9 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Kunlun Energy currently has an average rating of “Sell”.

Kunlun Energy Stock Performance

Shares of KLYCY traded up $0.24 during trading hours on Monday, hitting $10.02. The stock had a trading volume of 341 shares, compared to its average volume of 5,026. Kunlun Energy has a 12-month low of $7.77 and a 12-month high of $11.76. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $8.79 and its 200 day simple moving average is $9.55.

Kunlun Energy Company Profile

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.