CCH Holdings Ltd (NASDAQ:CCHH) Stock Short Interest Rises 87.2%

CCH Holdings Ltd (NASDAQ:CCHH) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 9,342 shares, an increase of 87.2% from the September 15th total of 4,990 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 57,327 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CCH in a report on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insider Activity

In other news, CEO Kok Goh bought 5,220,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was bought at an average price of $0.28 per share, for a total transaction of $1,461,600.00. Following the completion of the purchase, the chief executive officer owned 5,220,000 shares of the company’s stock, valued at approximately $1,461,600. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CCH Trading Down 2.5%

Shares of NASDAQ CCHH opened at $0.96 on Thursday. CCH has a 12-month low of $0.86 and a 12-month high of $153.90. The firm’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $3.07.

About CCH

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.