CCH Holdings Ltd (NASDAQ:CCHH) Stock Short Interest Rises 87.2%

CCH Holdings Ltd (NASDAQ:CCHH) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 9,342 shares, a growth of 87.2% from the September 15th total of 4,990 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 57,327 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CCH in a research report on Monday, September 28th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Activity at CCH

In other CCH news, CEO Kok Goh acquired 5,220,000 shares of CCH stock in a transaction dated Friday, July 24th. The stock was bought at an average cost of $0.28 per share, with a total value of $1,461,600.00. Following the acquisition, the chief executive officer owned 5,220,000 shares of the company’s stock, valued at approximately $1,461,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CCH Stock Performance

Shares of NASDAQ:CCHH opened at $0.96 on Thursday. CCH has a 52 week low of $0.86 and a 52 week high of $153.90. The company’s fifty day moving average is $1.17 and its 200-day moving average is $3.07.

CCH Company Profile

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.