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

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,996 shares, a drop of 81.7% from the June 30th total of 21,867 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 70,054 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of China Shenhua Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, China Shenhua Energy currently has a consensus rating of “Strong Buy”.

China Shenhua Energy Stock Performance

OTCMKTS CSUAY traded down $0.25 during trading on Friday, hitting $22.15. The company’s stock had a trading volume of 16,829 shares, compared to its average volume of 27,978. China Shenhua Energy has a 52 week low of $16.68 and a 52 week high of $26.75. The firm has a market cap of $110.14 billion, a P/E ratio of 14.87 and a beta of 0.20. The firm has a 50 day moving average price of $22.03 and a 200 day moving average price of $22.60. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

China Shenhua Energy (OTCMKTS:CSUAY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.34 earnings per share for the quarter. China Shenhua Energy had a return on equity of 10.52% and a net margin of 17.81%.The company had revenue of $10.16 billion during the quarter. Equities research analysts forecast that China Shenhua Energy will post 1.85 earnings per share for the current fiscal year.

About China Shenhua Energy

China Shenhua Energy Company Limited is one of the largest coal producers and integrated energy companies in China. The firm’s core business centers on the exploration, production and sale of coal, with a primary focus on thermal coal used for power generation. Through its vertically integrated operations, China Shenhua manages the entire coal value chain, from mining and washing to transportation and marketing.

In addition to coal mining, the company operates a diversified portfolio of power generation assets, including coal-fired and wind power plants.