China Coal Energy Co. (OTCMKTS:CCOZY) Shares Shorted: Short Interest Up 81.8% in September

China Coal Energy Co. (OTCMKTS:CCOZY) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 360 shares, a growth of 81.8% from the September 15th total of 198 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 658 shares, the days-to-cover ratio is presently 0.5 days.

China Coal Energy Stock Performance

OTCMKTS CCOZY opened at $28.96 on Friday. The firm’s 50 day simple moving average is $29.36 and its 200 day simple moving average is $31.02. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. China Coal Energy has a 1 year low of $26.00 and a 1 year high of $34.00. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 7.28 and a beta of -0.13.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of China Coal Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

China Coal Energy Company Profile

China Coal Energy Company Limited is a China-based energy and mining company engaged primarily in the production and sale of coal. Its activities include coal exploration, mining, processing and marketing, with products serving power generation, steelmaking and other industrial customers. The company produces thermal coal and coking coal, as well as related coal products.

The company also operates businesses connected to the coal value chain, including coal-to-chemicals and coal-based power generation.