China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 692,512 shares, a drop of 54.7% from the June 30th total of 1,527,073 shares. Based on an average trading volume of 50,601 shares, the short-interest ratio is currently 13.7 days.
China Hongqiao Group Trading Down 4.0%
OTCMKTS:CHHQF opened at $3.02 on Wednesday. China Hongqiao Group has a fifty-two week low of $2.42 and a fifty-two week high of $5.19. The business’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $4.18.
About China Hongqiao Group
China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.
Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.
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