Chervon Holdings Limited (OTCMKTS:CHRHF) Stock Short Interest Report for September

Chervon Holdings Limited (OTCMKTS:CHRHF) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8,517 shares, a decrease of 83.5% from the September 15th total of 51,540 shares. Based on an average daily volume of 7,457 shares, the days-to-cover ratio is presently 1.1 days.

Chervon Stock Performance

Chervon stock opened at $3.95 on Monday. Chervon has a 1 year low of $1.93 and a 1 year high of $4.30. The firm has a 50 day moving average price of $2.95 and a 200 day moving average price of $2.46.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Chervon to a “buy” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Chervon Company Profile

Chervon is a China-based manufacturer and developer of power tools and outdoor power equipment. The company designs and produces cordless and corded tools, battery systems, chargers, and related accessories for professional users, contractors, consumers, and landscaping customers.

Its product portfolio includes drills, saws, grinders, sanders, and other power tools, as well as lawn mowers, trimmers, blowers, chainsaws, and other outdoor power equipment. Chervon markets products under its own brands, including EGO, FLEX, and DEVON, and also provides manufacturing and product-development services for industry partners.

Founded in 1994, Chervon has expanded from its Chinese base into international markets through product development, manufacturing, and distribution operations.