Kunlun Energy (OTCMKTS:KLYCY) Short Interest Down 68.0% in May

Kunlun Energy (OTCMKTS:KLYCY) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 118 shares, a decrease of 68.0% from the April 30th total of 369 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 157 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

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

Kunlun Energy Stock Performance

KLYCY stock remained flat at $9.76 during trading on Friday. 23 shares of the company traded hands, compared to its average volume of 101. Kunlun Energy has a one year low of $8.39 and a one year high of $11.76. The stock has a 50-day simple moving average of $9.96 and a 200 day simple moving average of $9.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.70 and a current ratio of 1.73.

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.