China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) Sees Significant Decline in Short Interest

China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,224 shares, a decline of 59.7% from the September 30th total of 3,035 shares. Based on an average daily volume of 3,336 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

China Longyuan Power Group Price Performance

Shares of OTCMKTS:CLPXY opened at C$6.35 on Friday. China Longyuan Power Group has a 12 month low of C$5.90 and a 12 month high of C$11.35. The company’s 50-day moving average price is C$6.50 and its two-hundred day moving average price is C$7.78.

China Longyuan Power Group Company Profile

China Longyuan Power Group Corporation Limited is a renewable energy company headquartered in China and a subsidiary of China Energy Investment Corporation. The company develops, constructs, owns and operates power generation facilities, with wind power as its core business.

Its activities include onshore and offshore wind power generation, as well as solar power and other forms of renewable energy. The company also provides related project development, operation and maintenance services and sells the electricity generated by its facilities.

China Longyuan Power primarily serves the Chinese electricity market through projects across multiple provinces and regions.