ENN Energy Holdings Limited (OTCMKTS:XNGSY) Sees Significant Decline in Short Interest

ENN Energy Holdings Limited (OTCMKTS:XNGSY) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 4,800 shares, a drop of 77.5% from the October 15th total of 21,300 shares. Based on an average daily volume of 214,300 shares, the days-to-cover ratio is currently 0.0 days.

ENN Energy Stock Down 1.9 %

Shares of OTCMKTS XNGSY opened at $27.08 on Thursday. ENN Energy has a 12 month low of $22.53 and a 12 month high of $41.19. The firm’s 50 day simple moving average is $27.73 and its 200-day simple moving average is $30.86.

ENN Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 4th will be given a dividend of $0.256 per share. The ex-dividend date is Monday, November 4th.

About ENN Energy

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.