China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) Short Interest Update

China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 968 shares, an increase of 303.3% from the June 15th total of 240 shares. Based on an average daily volume of 16,261 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of China Longyuan Power Group to a “hold” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

China Longyuan Power Group Stock Performance

CLPXY traded up C$0.40 during trading on Friday, reaching C$6.83. 1,940 shares of the company were exchanged, compared to its average volume of 2,621. China Longyuan Power Group has a 12-month low of C$5.90 and a 12-month high of C$11.35. The company’s 50-day moving average is C$7.58 and its two-hundred day moving average is C$8.47.

About China Longyuan Power Group

China Longyuan Power Group Co, Ltd. (OTCMKTS: CLPXY) is one of China’s leading renewable energy companies, specializing in the development, construction and operation of wind power projects. As a subsidiary of the state-owned China Energy Investment Corporation, the company focuses on harnessing wind resources to generate electricity and deliver clean energy solutions to China’s power grid. Through integrated project management, Longyuan Power oversees site selection, turbine procurement, installation and long-term maintenance of its wind farms.

The company’s core business activities include onshore wind farm development, engineering procurement and construction (EPC) contracting, asset management and ongoing operations and maintenance services.