CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Up 2,103.5% in June

CCH Holdings Ltd (NASDAQ:CCHH) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 540,788 shares, a growth of 2,103.5% from the May 31st total of 24,542 shares. Based on an average daily trading volume, of 15,664,014 shares, the short-interest ratio is presently 0.0 days. Currently, 2.8% of the company’s shares are short sold.

CCH Stock Down 6.8%

NASDAQ:CCHH traded down $0.03 during mid-day trading on Thursday, hitting $0.41. 223,767 shares of the stock traded hands, compared to its average volume of 9,020,298. CCH has a 52 week low of $0.30 and a 52 week high of $15.39. The firm’s 50 day moving average is $0.46 and its two-hundred day moving average is $0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.04 and a current ratio of 2.11.

CCH (NASDAQ:CCHH) last posted its quarterly earnings data on Saturday, May 16th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.46 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of CCH in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About CCH

We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.