ENN Energy Holdings Limited Sees Dramatic Increase in Short Interest

ENN Energy Holdings Limited (OTCMKTS:XNGSY) experienced a remarkable surge in short interest during March. By March 15th, the total short interest amounted to 9,300 shares, marking a staggering increase of 1,062.5% compared to just 800 shares on February 28th. The short-interest ratio, based on the average daily trading volume of 30,800 shares, stands at 0.3 days. Currently, approximately 0.0% of the company's shares are sold short.

ENN Energy Stock Performance

During trading on Wednesday, the XNGSY stock rose by $2.91 to reach $36.10. The trading volume for that day was 196,773 shares, significantly higher than the average volume of 104,649 shares. ENN Energy's stock has a 50-day moving average of $27.92 and a 200-day moving average of $27.88. The company’s stock has fluctuated between a fifty-two week low of $22.53 and a high of $41.19. Additionally, ENN Energy shows a debt-to-equity ratio of 0.31, a quick ratio of 0.67, and a current ratio of 0.72.

About ENN Energy Holdings Limited

ENN Energy Holdings Limited is an investment holding company that is actively involved in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. The company's diverse operations are divided into several segments, including Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business.

Market Insights

Before considering an investment in ENN Energy, it's important to be aware of the current market sentiment. While the stock has a Hold rating among analysts, many top-rated analysts recommend alternative stocks that they believe offer better investment opportunities. Investors are encouraged to explore these recommendations before making decisions.

ENN, Energy, Stocks