Zhejiang Expressway Co., Ltd. (OTCMKTS:ZHEXF) Sees Significant Increase in Short Interest

Zhejiang Expressway Co., Ltd. (OTCMKTS:ZHEXF) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,121,641 shares, an increase of 137.2% from the July 30th total of 472,870 shares. Based on an average daily trading volume, of 12,132 shares, the days-to-cover ratio is presently 92.5 days.

Zhejiang Expressway Stock Up 0.9%

ZHEXF opened at $0.84 on Friday. Zhejiang Expressway has a 12-month low of $0.73 and a 12-month high of $1.10. The business has a 50 day moving average of $0.82 and a 200-day moving average of $0.88.

Zhejiang Expressway Company Profile

Zhejiang Expressway Co, Ltd. is a leading toll road operator and infrastructure developer headquartered in Hangzhou, Zhejiang Province, People’s Republic of China. Since its incorporation in 1997 and subsequent listing on the Hong Kong Stock Exchange, the company has been engaged primarily in the investment, construction, operation and maintenance of high-grade expressways. Its flagship assets include several key highway corridors that serve as vital arteries for passenger and freight traffic across Zhejiang, with connections extending into neighboring provinces such as Jiangsu and Shanghai.

Beyond toll road operations, Zhejiang Expressway has diversified its portfolio by developing ancillary businesses that complement its core infrastructure assets.