Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Shares Shorted: Short Interest Down 76.1% in October

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 11,921 shares, a decrease of 76.1% from the September 30th total of 49,921 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Dongfang Electric Stock Performance

Dongfang Electric stock opened at $2.00 on Wednesday. The firm’s 50 day moving average price is $2.45 and its two-hundred day moving average price is $3.57. Dongfang Electric has a twelve month low of $2.00 and a twelve month high of $5.75.

Dongfang Electric Company Profile

Dongfang Electric Co, Ltd. is a China-based manufacturer of power-generation equipment and a provider of related engineering services. The company develops, designs and produces equipment for conventional and renewable energy projects, serving utilities, industrial customers and power-generation developers.

Its product portfolio includes equipment for hydroelectric, thermal, nuclear, wind and solar power projects, as well as gas turbines and other energy systems. Dongfang Electric also provides project engineering, equipment integration, installation, commissioning, maintenance and related technical services.

Headquartered in Chengdu, Sichuan Province, China, the company is part of the broader Dongfang Electric group and has participated in power projects in China and international markets.