Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Sees Significant Decrease in Short Interest

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 63,121 shares, a decrease of 76.3% from the June 30th total of 266,200 shares. Based on an average daily trading volume, of 35 shares, the short-interest ratio is currently 1,803.5 days.

Dongfang Electric Price Performance

Shares of Dongfang Electric stock opened at $2.88 on Tuesday. The stock’s fifty day simple moving average is $3.47 and its 200 day simple moving average is $4.04. Dongfang Electric has a 12 month low of $2.00 and a 12 month high of $5.75.

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).