China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,616,819 shares, a decrease of 50.2% from the May 31st total of 7,266,944 shares. Based on an average daily volume of 62,286 shares, the days-to-cover ratio is presently 58.1 days.
China Hongqiao Group Price Performance
Shares of OTCMKTS:CHHQF traded up $0.11 during trading on Thursday, hitting $2.68. The company’s stock had a trading volume of 11,766 shares, compared to its average volume of 16,880. The company has a 50-day moving average of $3.71 and a 200-day moving average of $4.30. China Hongqiao Group has a 12 month low of $2.42 and a 12 month high of $5.19.
About China Hongqiao Group
China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.
Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.
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