China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,640,697 shares, a drop of 65.2% from the January 15th total of 4,713,489 shares. Based on an average trading volume of 746 shares, the days-to-cover ratio is currently 2,199.3 days. Based on an average trading volume of 746 shares, the days-to-cover ratio is currently 2,199.3 days.
China Hongqiao Group Stock Performance
CHHQF opened at $4.80 on Thursday. The stock’s 50 day simple moving average is $4.21 and its 200-day simple moving average is $3.52. China Hongqiao Group has a 1 year low of $1.57 and a 1 year high of $4.80.
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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