China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) Sees Large Increase in Short Interest

China Longyuan Power Group Co. Limited (OTCMKTS:CLPXY) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 240 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 1,973 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of China Longyuan Power Group to a “hold” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

China Longyuan Power Group Stock Down 0.5%

OTCMKTS:CLPXY opened at C$6.39 on Wednesday. The firm’s fifty day moving average is C$7.83 and its two-hundred day moving average is C$8.60. China Longyuan Power Group has a one year low of C$6.27 and a one year high of C$11.35.

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.