Kunlun Energy (OTCMKTS:KLYCY) Sees Significant Growth in Short Interest

Kunlun Energy (OTCMKTS:KLYCY) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 369 shares, a growth of 310.0% from the April 15th total of 90 shares. Based on an average trading volume of 449 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research cut Kunlun Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Kunlun Energy Price Performance

KLYCY stock remained flat at $10.08 during trading hours on Wednesday. The company’s stock had a trading volume of 58 shares, compared to its average volume of 197. The firm’s 50 day simple moving average is $10.31 and its 200-day simple moving average is $9.87. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15. Kunlun Energy has a 52-week low of $8.39 and a 52-week high of $11.76.

Kunlun Energy Company Profile

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.