Short Interest in Kunlun Energy (OTCMKTS:KLYCY) Expands By 310.0%

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 369 shares, a growth of 310.0% from the April 15th total of 90 shares. Based on an average daily volume of 449 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the company are sold short.

Kunlun Energy Stock Down 7.8%

Shares of KLYCY traded down $0.78 during mid-day trading on Friday, hitting $9.30. 215 shares of the company traded hands, compared to its average volume of 392. 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 stock has a 50-day moving average price of $10.27 and a two-hundred day moving average price of $9.87. Kunlun Energy has a 1 year low of $8.39 and a 1 year high of $11.76.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Kunlun Energy

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.