China Shenhua Energy Co. (OTCMKTS:CSUAY) Sees Significant Increase in Short Interest

China Shenhua Energy Co. (OTCMKTS:CSUAY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 22,653 shares, a growth of 229.2% from the August 15th total of 6,881 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 19,216 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

China Shenhua Energy Price Performance

Shares of OTCMKTS CSUAY opened at $23.45 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $22.31 and a 200 day moving average price of $22.87. China Shenhua Energy has a 52 week low of $18.78 and a 52 week high of $26.75. The stock has a market capitalization of $116.60 billion, a price-to-earnings ratio of 14.48 and a beta of 0.18.

China Shenhua Energy (OTCMKTS:CSUAY) last released its quarterly earnings data on Friday, August 28th. The company reported $0.50 earnings per share for the quarter. China Shenhua Energy had a return on equity of 11.61% and a net margin of 16.90%.The firm had revenue of $17.48 billion during the quarter. Equities research analysts anticipate that China Shenhua Energy will post 1.85 EPS for the current fiscal year.

About China Shenhua Energy

China Shenhua Energy Company Limited is an integrated energy company and a subsidiary of China Energy Investment Corporation. Established in 2004, the company is primarily engaged in coal production and sales, while also operating businesses that connect coal resources with transportation, power generation and coal-chemical production.

The company produces thermal coal and metallurgical coal from mines in China, particularly in Inner Mongolia and Shaanxi. Its transportation operations include dedicated railways, ports and a shipping fleet used to move coal from mining regions to customers and power-generation facilities.