Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) Short Interest Down 41.7% in October

Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,000 shares, a drop of 41.7% from the September 30th total of 12,000 shares. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.8 days.

Leishen Energy Stock Performance

Shares of NASDAQ LSE traded down $0.01 during midday trading on Monday, hitting $5.29. 1,772 shares of the company’s stock were exchanged, compared to its average volume of 229,775. The company’s 50 day moving average price is $5.39 and its 200 day moving average price is $5.47. Leishen Energy has a 12 month low of $3.76 and a 12 month high of $14.99.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Leishen Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Leishen Energy

Leishen Cayman is a holding company incorporated in the Cayman Islands. As a holding company with no material operations of its own, Leishen Cayman conducts substantially all of the operations through its Operating Subsidiaries. Our primary office is located in Beijing, China, from which we serve a large customer base throughout the PRC.