China Coal Energy Company Limited (OTCMKTS:CCOZF) Sees Significant Drop in Short Interest

China Coal Energy Company Limited (OTCMKTS:CCOZF) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 74,000 shares, a drop of 81.5% from the April 30th total of 399,000 shares. Based on an average daily trading volume, of 18 shares, the days-to-cover ratio is presently 4,111.1 days.

China Coal Energy Price Performance

OTCMKTS CCOZF opened at $1.36 on Thursday. The stock’s fifty day moving average is $1.68 and its two-hundred day moving average is $1.45. China Coal Energy has a fifty-two week low of $1.07 and a fifty-two week high of $1.81.

About China Coal Energy

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities. The company was founded in 2006 and is based in Beijing, the People's Republic of China. China Coal Energy Company Limited operates as a subsidiary of China National Coal Group Co, Ltd.