Short Interest in CCH Holdings Ltd (NASDAQ:CCHH) Drops By 54.7%

CCH Holdings Ltd (NASDAQ:CCHH) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 25,338 shares, a decrease of 54.7% from the April 15th total of 55,980 shares. Based on an average trading volume of 90,618 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

CCH Price Performance

NASDAQ:CCHH traded down $0.02 on Friday, hitting $0.39. The company’s stock had a trading volume of 30,697 shares, compared to its average volume of 75,582. The stock has a fifty day moving average of $0.59 and a two-hundred day moving average of $2.33. CCH has a one year low of $0.36 and a one year high of $15.39.

CCH (NASDAQ:CCHH) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $2.46 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of CCH in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About CCH

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.