ENN Energy Holdings Experiences Surge in Short Interest

ENN Energy Holdings Limited (OTCMKTS:XNGSY - Get Free Report) has reported a remarkable increase in short interest for the month of March. As of March 15th, the short interest reached a total of 9,300 shares, marking an incredible rise of 1,062.5% from the 800 shares recorded on February 28th. With an average daily trading volume of 30,800 shares, this equates to a short-interest ratio of approximately 0.3 days. Currently, only about 0.0% of the company's shares are sold short, reflecting a relatively low level of short selling activity.

Stock Performance Overview

During trading on Wednesday, XNGSY shares experienced an increase of 8.8%, rising by $2.91 to reach a price of $36.10. The trading volume for the day was 196,773 shares, significantly above the average volume of 104,649 shares. In terms of moving averages, the company has a 50-day moving average of $27.92 and a 200-day moving average of $27.88. ENN Energy's stock has seen a 52-week low of $22.53 and a 52-week high of $41.19, indicating notable price fluctuations over the past year.

About ENN Energy

ENN Energy Holdings Limited operates primarily as an investment holding company. The firm is engaged in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. Its business activities are segmented into various areas, including Retail Gas Sales, Integrated Energy, Wholesale of Gas, Construction and Installation, and Value Added Services.

Investment Considerations

Before considering an investment in ENN Energy, potential investors may want to look at alternative options. MarketBeat has identified several top stocks recommended by leading analysts, which currently do not include ENN Energy. While the stock has a Hold rating among analysts at this time, there are indications that other stocks may present stronger buying opportunities.

ENN, Energy, Stocks, Investment, Market