China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 144,400 shares, a growth of 83.2% from the September 15th total of 78,809 shares. Based on an average daily trading volume, of 2,429 shares, the days-to-cover ratio is currently 59.4 days.
China Hongqiao Group Price Performance
Shares of OTCMKTS:CHHQF opened at $2.61 on Friday. China Hongqiao Group has a 12-month low of $2.42 and a 12-month high of $5.19. The company’s fifty day moving average is $2.85 and its two-hundred day moving average is $3.41.
About China Hongqiao Group
China Hongqiao Group Limited is an integrated aluminum producer headquartered in Binzhou, Shandong Province, China. The company’s operations span the aluminum value chain, from alumina refining and primary aluminum smelting to the production of aluminum alloy products and carbon materials used in the smelting process.
The company also operates supporting power-generation and energy facilities associated with its production operations. Its products are used in sectors including transportation, construction, packaging, electrical equipment and consumer goods.
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