ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Short Interest Update

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 11,956 shares, a decline of 87.4% from the July 15th total of 95,120 shares. Based on an average daily volume of 82,959 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered ENN Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

ENN Energy Trading Down 0.3%

Shares of XNGSY stock opened at $23.93 on Friday. ENN Energy has a 1 year low of $20.55 and a 1 year high of $39.40. The firm’s fifty day simple moving average is $22.77 and its 200 day simple moving average is $29.21. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.19.

About ENN Energy

ENN Energy Holdings Limited is a leading city gas distribution and integrated energy services provider in the People’s Republic of China. The company’s core business spans the purchase, transmission and sale of natural gas, liquefied natural gas (LNG), compressed natural gas (CNG) and liquefied petroleum gas (LPG) through an extensive pipeline network. In addition to its traditional piped gas operations, ENN Energy offers installation and maintenance of gas appliances, emergency response services and energy consulting for residential, commercial and industrial customers.

Building on its gas distribution platform, ENN Energy has expanded into integrated energy projects that combine multiple energy sources such as gas, electricity, thermal energy and renewable fuels.