China Vanke Co., Ltd. (OTCMKTS:CHVKF) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemChina Vanke Co., Ltd. (OTCMKTS:CHVKF – Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 5,920,262 shares, an increase of 20.9% from the March 15th total of 4,897,395 shares. Based on an average daily volume of 1,250 shares, the days-to-cover ratio is presently 4,736.2 days.
China Vanke Price Performance
OTCMKTS CHVKF opened at $0.39 on Friday. The business has a fifty day moving average price of $0.44 and a 200 day moving average price of $0.50. China Vanke has a one year low of $0.39 and a one year high of $0.77.
China Vanke Company Profile
China Vanke Co, Ltd. is one of China’s leading residential real estate developers, with core operations spanning property development, investment and property management. Founded in 1984 and headquartered in Shenzhen, Vanke focuses on large-scale residential communities while also engaging in commercial real estate projects and urban renewal initiatives. The company has built a diverse portfolio of housing developments across more than 60 cities in Mainland China, offering a range of apartment, townhouse and villa products aimed at middle- and high-end buyers.
In addition to its development arm, Vanke operates a growing property services division that provides management and maintenance for residential, commercial and mixed-use properties.