CCH Holdings Ltd (NASDAQ:CCHH) Shares Shorted: Short Interest Down 53.6% in October
by Michael Walen · The Markets DailyCCH Holdings Ltd (NASDAQ:CCHH – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,331 shares, a decrease of 53.6% from the September 30th total of 9,342 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 30,801 shares, the short-interest ratio is presently 0.1 days.
Insider Buying and Selling
In related news, CEO Kok Goh sold 4,872,500 shares of CCH stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $0.28, for a total transaction of $1,364,300.00. Following the completion of the sale, the chief executive officer directly owned 347,500 shares of the company’s stock, valued at approximately $97,300. This trade represents a 93.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
CCH Stock Down 7.4%
NASDAQ:CCHH traded down $0.07 during trading hours on Friday, reaching $0.89. 6,874 shares of the stock were exchanged, compared to its average volume of 491,660. CCH has a twelve month low of $0.83 and a twelve month high of $153.90. The business has a 50-day moving average of $1.07 and a two-hundred day moving average of $3.78.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CCH in a research note on Monday, September 28th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Get Our Latest Analysis on CCH
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.