China Eastern Airlines Co. Limited (OTCMKTS:CHEAF – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 996,911 shares, an increase of 99.2% from the July 15th total of 500,366 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
China Eastern Airlines Price Performance
Shares of CHEAF opened at $0.37 on Tuesday. China Eastern Airlines has a 1 year low of $0.34 and a 1 year high of $0.80. The company’s 50 day simple moving average is $0.42 and its 200 day simple moving average is $0.56.
About China Eastern Airlines
China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.
The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.
Recommended Stories
- Five stocks we like better than China Eastern Airlines
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for China Eastern Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Eastern Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
