Short Interest in Dongfang Electric Co. Limited (OTCMKTS:DNGFF) Drops By 27.3%

Dongfang Electric Co. Limited (OTCMKTS:DNGFF) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 466,600 shares, a decline of 27.3% from the August 31st total of 642,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 4,666.0 days. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 4,666.0 days.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on Dongfang Electric in a research report on Thursday, August 28th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Dongfang Electric Price Performance

Shares of OTCMKTS DNGFF opened at $2.35 on Tuesday. The firm has a 50-day moving average of $2.19 and a 200 day moving average of $1.53. Dongfang Electric has a 1 year low of $2.00 and a 1 year high of $2.35.

Dongfang Electric Company Profile

Dongfang Electric Corporation Limited engages in the design, develop, manufacture, and sale of power generation equipment in China and internationally. It operates through five segments: Renewable Energy Equipment, Clean and Efficient Energy Equipment, Engineering and Trade, Modern Manufacturing Services Industry, and Emerging Growth Industry.