Short Interest in Chervon Holdings Limited (OTCMKTS:CHRHF) Drops By 41.8%

Chervon Holdings Limited (OTCMKTS:CHRHFGet Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 10,170 shares, a decline of 41.8% from the August 15th total of 17,489 shares. Based on an average daily trading volume, of 146 shares, the short-interest ratio is presently 69.7 days.

Analyst Ratings Changes

Separately, Citigroup raised Chervon to a “buy” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

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Chervon Trading Up 2.2%

Shares of Chervon stock opened at $3.48 on Wednesday. The firm has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.38. Chervon has a fifty-two week low of $1.93 and a fifty-two week high of $3.50.

Chervon Company Profile

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Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.

Further Reading

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