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

Kunlun Energy (OTCMKTS:KLYCY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 199 shares, a growth of 68.6% from the May 14th total of 118 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 262 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kunlun Energy Price Performance

KLYCY stock remained flat at $8.55 during mid-day trading on Wednesday. 386 shares of the company’s stock traded hands, compared to its average volume of 354. The stock’s 50 day moving average is $9.47 and its two-hundred day moving average is $9.86. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. Kunlun Energy has a 52-week low of $8.16 and a 52-week high of $11.76.

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.