Short Interest in Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Drops By 82.4%

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 266,800 shares, a decrease of 82.4% from the May 31st total of 1,513,290 shares. Based on an average trading volume of 6,682 shares, the short-interest ratio is currently 39.9 days.

Dongfang Electric Price Performance

DNGFF opened at $2.88 on Friday. Dongfang Electric has a 1 year low of $2.00 and a 1 year high of $5.75. The company’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $4.07.

Dongfang Electric Company Profile

Dongfang Electric Corporation (OTCMKTS: DNGFF) is a leading Chinese state-owned enterprise specializing in the design, manufacture and installation of large-scale power generation equipment. Headquartered in Chengdu, Sichuan Province, the company offers a comprehensive portfolio that spans steam turbines, gas turbines, hydro turbines, boilers, generator sets, wind turbines and nuclear power plant components. In addition to core manufacturing, Dongfang Electric provides engineering, procurement, construction and installation (EPCI) services, as well as operations and maintenance support for power projects.

Founded in 1958 as the Chengdu Electric Machinery Plant and reorganized into its current corporate structure in 1984, Dongfang Electric is supervised by China’s State-owned Assets Supervision and Administration Commission (SASAC).