ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Sees Large Increase in Short Interest

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 1,321 shares, an increase of 457.4% from the December 15th total of 237 shares. Based on an average daily volume of 5,954 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,954 shares, the days-to-cover ratio is currently 0.2 days.

ENN Energy Trading Up 0.3%

XNGSY stock opened at $35.51 on Thursday. ENN Energy has a 1-year low of $25.07 and a 1-year high of $39.40. The firm has a fifty day moving average price of $36.09 and a two-hundred day moving average price of $34.14.

Analysts Set New Price Targets

Separately, Zacks Research raised ENN Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, ENN Energy presently has a consensus rating of “Hold”.

About ENN Energy

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.