Kunlun Energy (OTCMKTS:KLYCY) Short Interest Update

Kunlun Energy (OTCMKTS:KLYCY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 199 shares, a growth of 68.6% from the May 14th total of 118 shares. Based on an average trading volume of 262 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Kunlun Energy Trading Up 0.7%

Shares of KLYCY traded up $0.07 during mid-day trading on Monday, reaching $8.83. The company’s stock had a trading volume of 878 shares, compared to its average volume of 455. The business has a fifty day moving average of $9.49 and a 200 day moving average of $9.87. Kunlun Energy has a 1 year low of $8.39 and a 1 year high of $11.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.70.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.