Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Short Interest Update

by · The Cerbat Gem

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,379,091 shares, a drop of 19.4% from the January 29th total of 1,711,872 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 732,726 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 732,726 shares, the short-interest ratio is currently 1.9 days. Approximately 0.8% of the company’s shares are sold short.

Chagee Stock Performance

Chagee stock traded down $0.52 during midday trading on Tuesday, hitting $10.53. 296,355 shares of the company’s stock were exchanged, compared to its average volume of 667,183. The company has a market cap of $1.93 billion and a PE ratio of 11.96. The firm has a 50-day moving average of $11.60 and a two-hundred day moving average of $14.78. Chagee has a 12 month low of $9.95 and a 12 month high of $41.80.

Chagee (NASDAQ:CHA – Get Free Report) last announced its quarterly earnings results on Friday, November 28th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $450.67 million for the quarter, compared to analysts’ expectations of $458.31 million.

Institutional Investors Weigh In On Chagee

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in Chagee in the second quarter valued at about $26,000. Quantbot Technologies LP purchased a new stake in Chagee during the third quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Chagee by 3,141.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,885 shares of the company’s stock valued at $34,000 after acquiring an additional 2,796 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Chagee during the fourth quarter worth $147,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Chagee during the 2nd quarter valued at $172,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CHA shares. Zacks Research raised shares of Chagee from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Jefferies Financial Group started coverage on Chagee in a research note on Wednesday, January 7th. They set a “hold” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Chagee from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $12.40 to $11.50 in a research note on Friday, February 13th. Wall Street Zen upgraded Chagee from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Chagee in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.67.

Read Our Latest Stock Analysis on Chagee

About Chagee

(Get Free Report)

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees. “Quality, Health, and Convenience” is the guiding principle of how we make our products.

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