Chanson International Holding (NASDAQ:CHSN) Sees Significant Increase in Short Interest

Chanson International Holding (NASDAQ:CHSN) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 104,340 shares, a growth of 112.6% from the March 31st total of 49,068 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 276,218 shares, the days-to-cover ratio is presently 0.4 days.

Chanson International Stock Down 70.7%

NASDAQ CHSN traded down $0.13 on Monday, reaching $0.05. The stock had a trading volume of 264,466,142 shares, compared to its average volume of 5,148,187. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.81 and a quick ratio of 0.75. Chanson International has a 12-month low of $0.05 and a 12-month high of $70.40. The business’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Chanson International from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Chanson International has a consensus rating of “Sell”.

Chanson International Company Profile

Chanson International, Inc is a Taiwan‐based designer, manufacturer and distributor of electronic massage and wellness products. The company focuses on developing advanced full-body massage chairs, handheld massagers, foot and eye massaging devices, and heat therapy systems. Chanson leverages proprietary technologies in vibration, air compression and thermal stimulation to deliver relaxation and support musculoskeletal health.

The company markets its products under the Chanson brand through a combination of retail showrooms, wellness centers, e-commerce platforms and direct sales networks.