Short Interest in China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Decreases By 40.0%

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,066,911 shares, a drop of 40.0% from the February 26th total of 3,442,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

China Eastern Airlines Stock Performance

OTCMKTS:CHEAF remained flat at $0.58 during mid-day trading on Friday. The company’s 50 day moving average price is $0.71 and its two-hundred day moving average price is $0.57. China Eastern Airlines has a 1 year low of $0.33 and a 1 year high of $0.80.

About China Eastern Airlines

China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.

The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.