Kunlun Energy (OTCMKTS:KLYCY) Short Interest Update

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 199 shares, an increase of 68.6% from the May 14th total of 118 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 262 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kunlun Energy currently has an average rating of “Hold”.

Kunlun Energy Trading Up 0.7%

Shares of OTCMKTS:KLYCY traded up $0.07 on Monday, reaching $8.83. 878 shares of the company traded hands, compared to its average volume of 455. Kunlun Energy has a fifty-two week low of $8.39 and a fifty-two week high of $11.76. The company’s 50 day moving average is $9.49 and its 200-day moving average is $9.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.70.

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.