Chanson International Holding (NASDAQ:CHSN) Sees Large Drop in Short Interest

Chanson International Holding (NASDAQ:CHSN) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 338,800 shares, a decrease of 49.3% from the February 13th total of 668,300 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 9.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Chanson International

An institutional investor recently bought a new position in Chanson International stock. Schonfeld Strategic Advisors LLC purchased a new position in Chanson International Holding (NASDAQ:CHSN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,400 shares of the company’s stock, valued at approximately $114,000. Schonfeld Strategic Advisors LLC owned 0.33% of Chanson International at the end of the most recent quarter. 2.83% of the stock is owned by institutional investors and hedge funds.

Chanson International Stock Performance

NASDAQ CHSN traded down $0.00 during trading hours on Friday, reaching $0.23. The company’s stock had a trading volume of 240,571 shares, compared to its average volume of 749,003. Chanson International has a 1-year low of $0.18 and a 1-year high of $15.55. The company’s 50-day moving average is $1.75 and its two-hundred day moving average is $4.97.

Chanson International Company Profile

Chanson International Holding manufactures and sells a range of bakery products, seasonal products, and beverage products for individual and corporate customers. It offers packaged bakery products, such as cakes, bread, sweets, and snacks; birthday cakes; made-in-store pastries; mooncakes and zongzi products; and other products, including sandwiches, salads, toasts, croissants, soups, and desserts, as well as beverages and juice products.