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

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 days-to-cover ratio is presently 0.1 days.

China Longyuan Power Group Trading Up 6.1%

Shares of China Longyuan Power Group stock traded up C$0.40 during trading hours on Friday, hitting C$6.83. 1,940 shares of the company’s stock traded hands, 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 has a fifty day simple moving average of C$7.58 and a 200-day simple moving average of C$8.47.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.