China Shenhua Energy Co. (OTCMKTS:CSUAY – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,131 shares, a decrease of 78.2% from the September 30th total of 28,171 shares. Based on an average daily trading volume, of 28,953 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Research Report on China Shenhua Energy
China Shenhua Energy Stock Up 3.0%
Shares of China Shenhua Energy stock opened at $21.11 on Wednesday. China Shenhua Energy has a one year low of $19.01 and a one year high of $26.75. The business has a 50-day simple moving average of $22.54 and a 200 day simple moving average of $22.59.
China Shenhua Energy (OTCMKTS:CSUAY – Get Free Report) last announced its quarterly earnings results on Friday, October 23rd. The company reported $0.44 EPS for the quarter. The business had revenue of $15.83 billion for the quarter. Research analysts anticipate that China Shenhua Energy will post 1.87 EPS for the current year.
About China Shenhua Energy
China Shenhua Energy Co, Ltd. is an integrated energy company based in China. The company is primarily engaged in coal production and sales, power generation, railway transportation, port operations and shipping. It also operates coal-to-chemicals businesses that convert coal into products such as olefins.
China Shenhua’s coal mining activities are concentrated in major coal-producing regions of China, while its transportation infrastructure—including railways, ports and shipping operations—supports the movement of coal from mines to customers and power plants.
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