Short Interest in China Shenhua Energy Co. (OTCMKTS:CSUAY) Rises By 775.3%

China Shenhua Energy Co. (OTCMKTS:CSUAY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 36,431 shares, an increase of 775.3% from the May 31st total of 4,162 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 36,644 shares, the days-to-cover ratio is presently 1.0 days.

China Shenhua Energy Stock Performance

Shares of CSUAY stock opened at $20.57 on Friday. China Shenhua Energy has a one year low of $15.22 and a one year high of $26.75. The company’s 50-day moving average is $22.97 and its 200 day moving average is $22.42. The company has a market capitalization of $102.29 billion, a price-to-earnings ratio of 13.81 and a beta of 0.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.99.

China Shenhua Energy (OTCMKTS:CSUAY) last issued its earnings results on Friday, April 24th. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $10.16 billion during the quarter. China Shenhua Energy had a net margin of 17.81% and a return on equity of 10.52%. Sell-side analysts expect that China Shenhua Energy will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China Shenhua Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, China Shenhua Energy has an average rating of “Moderate Buy”.

China Shenhua Energy Company Profile

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.