Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Sees Large Decline in Short Interest

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 145,420 shares, a decrease of 62.5% from the April 15th total of 388,007 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 319,784 shares, the days-to-cover ratio is currently 0.5 days.

Ck Hutchison Trading Down 0.1%

Shares of OTCMKTS:CKHUY traded down $0.01 during trading on Thursday, reaching $9.29. 126,094 shares of the company traded hands, compared to its average volume of 187,112. The firm has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $7.59. Ck Hutchison has a 1-year low of $5.40 and a 1-year high of $9.35. The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Ck Hutchison to a “hold” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ck Hutchison has an average rating of “Hold”.

About Ck Hutchison

CK Hutchison Holdings Limited (OTCMKTS: CKHUY) is a Hong Kong–based multinational conglomerate with diversified operations across ports, retail, telecommunications, infrastructure, property and related services. The group was created in 2015 through the combination of the Cheung Kong and Hutchison Whampoa businesses and is headquartered in Hong Kong. CK Hutchison pursues a strategy of long‑term investment and active portfolio management across multiple capital‑intensive sectors.

The company’s principal activities include global port operations through Hutchison Ports, one of the world’s largest port operators; health and beauty, grocery and related retailing through A.S.