CCH Holdings Ltd (NASDAQ:CCHH) Shares Shorted: Short Interest Up 479.4% in October

CCH Holdings Ltd (NASDAQ:CCHH) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 25,093 shares, an increase of 479.4% from the October 15th total of 4,331 shares. Based on an average trading volume of 25,376 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

CCH Trading Up 4.4%

CCHH traded up $0.04 during trading on Thursday, hitting $0.82. The company had a trading volume of 19,433 shares, compared to its average volume of 471,989. CCH has a one year low of $0.72 and a one year high of $153.90. The firm’s 50-day moving average price is $0.99 and its 200 day moving average price is $3.58.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CCH in a research note on Monday, September 28th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

CCH Company Profile

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.