Kunlun Energy (OTCMKTS:KLYCY) Short Interest Up 71.2% in August

Kunlun Energy (OTCMKTS:KLYCY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,058 shares, an increase of 71.2% from the July 30th total of 1,202 shares. Based on an average trading volume of 300 shares, the short-interest ratio is presently 6.9 days. Currently, 0.0% of the company’s stock are short sold.

Kunlun Energy Trading Down 1.6%

OTCMKTS KLYCY opened at $9.86 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $9.54. Kunlun Energy has a 12-month low of $7.77 and a 12-month high of $11.76.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Kunlun Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Kunlun Energy Company Profile

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.