Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) Shares Shorted: Short Interest Down 99.5% in September

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five (NYSE:FOIL) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,084 shares, a decrease of 99.5% from the August 31st total of 404,350 shares. Based on an average trading volume of 28,655 shares, the days-to-cover ratio is currently 0.1 days.

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Price Performance

NYSE:FOIL opened at $17.93 on Friday. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five has a fifty-two week low of $17.64 and a fifty-two week high of $28.49.

Analysts Set New Price Targets

FOIL has been the topic of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $31.00 price objective on the stock. Wall Street Zen raised Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $31.00.

About Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five

Londian Wason New Energy Tech Inc is a holding company whose operations are conducted through subsidiaries in China. The company focuses on the production and sale of aluminum foil products for new-energy and other industrial applications.

Its product activities are associated with aluminum foil used in lithium-ion batteries and related energy-storage applications, as well as foil products serving broader commercial and manufacturing markets. These materials may be supplied to battery, electronics, packaging, and other industrial customers.

Publicly available information about the company’s operating history, geographic reach, and executive leadership is limited.