Short Interest in China Hongqiao Group Limited (OTCMKTS:CHHQF) Drops By 90.4%

by · The Cerbat Gem

China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 166,656 shares, a drop of 90.4% from the August 15th total of 1,734,169 shares. Based on an average trading volume of 27,897 shares, the short-interest ratio is presently 6.0 days.

China Hongqiao Group Stock Performance

Shares of CHHQF remained flat at $2.99 during midday trading on Thursday. 1,331 shares of the stock traded hands, compared to its average volume of 17,550. The firm has a 50 day moving average price of $2.96 and a 200 day moving average price of $3.81. China Hongqiao Group has a one year low of $2.42 and a one year high of $5.19.

About China Hongqiao Group

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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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