China Shenhua Energy Co. (OTCMKTS:CSUAY) Sees Large Decline in Short Interest

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 6,131 shares, a decrease of 78.2% from the September 30th total of 28,171 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 28,953 shares, the short-interest ratio is currently 0.2 days.

China Shenhua Energy Stock Up 2.1%

Shares of CSUAY opened at $20.49 on Tuesday. China Shenhua Energy has a 52 week low of $19.01 and a 52 week high of $26.75. The firm has a market cap of $101.88 billion, a P/E ratio of 12.42 and a beta of 0.21. The firm’s 50-day simple moving average is $22.59 and its 200 day simple moving average is $22.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 0.87.

China Shenhua Energy (OTCMKTS:CSUAY) last issued its quarterly earnings data on Friday, October 23rd. The company reported $0.44 earnings per share (EPS) for the quarter. China Shenhua Energy had a net margin of 15.92% and a return on equity of 11.40%. The firm had revenue of $15.83 billion during the quarter. On average, analysts forecast that China Shenhua Energy will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research cut shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

China Shenhua Energy Company Profile

China Shenhua Energy Co, Ltd. is an integrated energy company based in China. The company is primarily engaged in coal production and sales, power generation, railway transportation, port operations and shipping. It also operates coal-to-chemicals businesses that convert coal into products such as olefins.

China Shenhua’s coal mining activities are concentrated in major coal-producing regions of China, while its transportation infrastructure—including railways, ports and shipping operations—supports the movement of coal from mines to customers and power plants.