CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Up 130.8% in July

CCH Holdings Ltd (NASDAQ:CCHH) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 47,576 shares, a growth of 130.8% from the June 30th total of 20,612 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 2,083,061 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised CCH from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

CCH Trading Down 7.9%

Shares of CCHH traded down $0.12 during trading hours on Tuesday, reaching $1.46. 38,473 shares of the company’s stock traded hands, compared to its average volume of 659,348. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04. The business’s fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $5.13. CCH has a twelve month low of $1.30 and a twelve month high of $153.90.

CCH (NASDAQ:CCHH) last issued its quarterly earnings results on Saturday, May 16th. The company reported ($0.69) earnings per share for the quarter. The firm had revenue of $2.46 million for the quarter.

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.