ChinaCache International Holdings Ltd. (CCIH) Short Interest Up 32.6% in July
ChinaCache International Holdings Ltd. (NASDAQ:CCIH) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 951,021 shares, an increase of 32.6% from the July 14th total of 717,225 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 176,355 shares, the days-to-cover ratio is presently 5.4 days.
An institutional investor recently raised its position in ChinaCache International Holdings stock. Renaissance Technologies LLC boosted its position in shares of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) by 98.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,800 shares of the information services provider’s stock after buying an additional 45,992 shares during the period. Renaissance Technologies LLC owned 0.36% of ChinaCache International Holdings worth $238,000 at the end of the most recent quarter. 32.21% of the stock is owned by institutional investors and hedge funds.
ChinaCache International Holdings (NASDAQ:CCIH) opened at 0.758 on Friday. ChinaCache International Holdings has a 12-month low of $0.72 and a 12-month high of $6.08.
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ChinaCache International Holdings Company Profile
ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. Its across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.
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