ENN Energy Holdings Limited (OTCMKTS:XNGSY) Sees Significant Increase in Short Interest

ENN Energy Holdings Limited (OTCMKTS:XNGSY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 21,300 shares, an increase of 965.0% from the September 30th total of 2,000 shares. Based on an average daily volume of 155,100 shares, the days-to-cover ratio is currently 0.1 days.

ENN Energy Stock Performance

OTCMKTS XNGSY traded up $0.72 during trading on Friday, hitting $29.64. The company’s stock had a trading volume of 239,301 shares, compared to its average volume of 67,542. The firm has a 50 day moving average price of $27.24 and a 200 day moving average price of $31.33. ENN Energy has a 52 week low of $22.53 and a 52 week high of $41.19.

ENN Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 4th will be given a $0.256 dividend. The ex-dividend date is Monday, November 4th.

About ENN Energy

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.