China Literature Limited (OTCMKTS:CHLLF) Sees Large Decrease in Short Interest

China Literature Limited (OTCMKTS:CHLLF) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 867,700 shares, a decline of 51.3% from the February 28th total of 1,782,900 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

China Literature Price Performance

OTCMKTS:CHLLF remained flat at $3.53 during trading hours on Friday. China Literature has a 1-year low of $3.47 and a 1-year high of $3.67. The company’s fifty day simple moving average is $3.53 and its 200 day simple moving average is $3.52.

About China Literature

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company promotes intellectual properties primarily through its online literature platforms, such as QQ Reading and Qidian; and New Classics Media, a film and TV drama series production house.