Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Sees Large Decrease in Short Interest

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 1,699,799 shares, a drop of 31.0% from the December 31st total of 2,462,915 shares. Based on an average daily trading volume, of 1,122,870 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the company’s shares are sold short. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,122,870 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Chagee

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Chagee during the second quarter worth $26,000. Quantbot Technologies LP bought a new stake in Chagee in the third quarter worth about $34,000. Federated Hermes Inc. bought a new position in shares of Chagee in the 2nd quarter worth $172,000. FACTORIAL MANAGEMENT Ltd purchased a new position in shares of Chagee during the second quarter valued at approximately $178,000. Finally, Polymer Capital Management HK LTD purchased a new stake in shares of Chagee during the 3rd quarter valued at about $182,000.

Chagee Stock Down 2.8%

NASDAQ:CHA traded down $0.34 on Friday, reaching $11.72. The stock had a trading volume of 552,160 shares, compared to its average volume of 727,352. Chagee has a 1-year low of $10.26 and a 1-year high of $41.80. The stock has a fifty day moving average price of $12.98 and a 200-day moving average price of $16.58. The company has a market capitalization of $2.15 billion and a P/E ratio of 13.32.

Chagee (NASDAQ:CHA) last posted its quarterly earnings results on Friday, November 28th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The business had revenue of $450.67 million for the quarter, compared to analysts’ expectations of $458.31 million.

Chagee Announces Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a $0.92 dividend. The ex-dividend date was Monday, December 8th. Chagee’s dividend payout ratio (DPR) is 98.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Chagee from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chagee in a research report on Monday, December 29th. JPMorgan Chase & Co. began coverage on shares of Chagee in a report on Friday, November 14th. They issued an “underweight” rating and a $14.20 price objective for the company. Finally, Jefferies Financial Group assumed coverage on Chagee in a research note on Wednesday, January 7th. They set a “hold” rating and a $14.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Chagee currently has a consensus rating of “Hold” and a consensus price target of $30.06.

Chagee Company Profile

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees. “Quality, Health, and Convenience” is the guiding principle of how we make our products.