CCH Holdings Ltd (NASDAQ:CCHH – Get Free Report) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 25,093 shares, an increase of 479.4% from the October 15th total of 4,331 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 25,376 shares, the days-to-cover ratio is currently 1.0 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CCH in a report on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
CCH Trading Down 3.5%
Shares of CCH stock opened at $0.75 on Wednesday. The company’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $3.61. CCH has a 52-week low of $0.72 and a 52-week high of $153.90.
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.
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