Kunlun Energy (OTCMKTS:KLYCY) Stock Short Interest Falls 65.3%

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,022 shares, a drop of 65.3% from the September 30th total of 8,716 shares. Based on an average daily volume of 4,649 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Kunlun Energy Price Performance

KLYCY stock traded up $0.06 on Thursday, hitting $9.60. The company’s stock had a trading volume of 150 shares, compared to its average volume of 4,149. Kunlun Energy has a 1 year low of $7.77 and a 1 year high of $11.76. The firm has a 50 day moving average of $9.75 and a two-hundred day moving average of $9.64. The company has a quick ratio of 1.76, a current ratio of 1.80 and a debt-to-equity ratio of 0.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Kunlun Energy currently has an average rating of “Hold”.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based natural gas company and a subsidiary of PetroChina Company Limited. The company focuses on the development, processing, transportation, storage and distribution of natural gas, serving residential, commercial, industrial and transportation customers.

Its activities include natural gas sales, city-gas distribution, pipeline transmission, compressed natural gas and liquefied natural gas operations, as well as the construction and operation of related infrastructure.