CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Up 130.8% in July

CCH Holdings Ltd (NASDAQ:CCHH) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 47,576 shares, an increase of 130.8% from the June 30th total of 20,612 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 2,083,061 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of CCH from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

CCH Stock Down 18.2%

CCHH stock traded down $0.28 on Wednesday, hitting $1.25. 232,010 shares of the company’s stock were exchanged, compared to its average volume of 667,663. CCH has a 12-month low of $1.23 and a 12-month high of $153.90. The firm has a 50 day moving average price of $3.61 and a two-hundred day moving average price of $5.10. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

CCH (NASDAQ:CCHH) last announced its quarterly earnings data on Saturday, May 16th. The company reported ($0.69) EPS for the quarter. The company had revenue of $2.46 million during the quarter.

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.