ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) Stock Short Interest Drops 52.2%

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 18,450 shares, a decrease of 52.2% from the September 30th total of 38,597 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 33,172 shares, the short-interest ratio is currently 0.6 days.

ENN Energy Trading Up 2.4%

OTCMKTS XNGSY opened at $25.08 on Friday. The company’s 50 day simple moving average is $25.04 and its 200 day simple moving average is $28.31. ENN Energy has a 12 month low of $20.55 and a 12 month high of $39.40.

Analyst Ratings Changes

Separately, Zacks Research raised ENN Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

ENN Energy Company Profile

ENN Energy Holdings Limited is a China-based energy company focused primarily on the distribution and sale of natural gas. Through its city-gas operations, the company supplies residential, commercial and industrial customers and develops the related pipeline infrastructure, connection services and gas facilities needed to serve local markets.

The company also provides a range of energy-related services, including liquefied natural gas supply, compressed natural gas for transportation, gas-related engineering and equipment services, and integrated energy solutions.