Kunlun Energy (OTCMKTS:KLYCY) Sees Large Increase in Short Interest

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,202 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average trading volume of 5,241 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Kunlun Energy Stock Down 2.8%

KLYCY stock opened at $8.75 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.70 and a current ratio of 1.73. The business has a fifty day simple moving average of $8.64 and a 200-day simple moving average of $9.59. Kunlun Energy has a 52 week low of $7.77 and a 52 week high of $11.76.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Kunlun Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.