Short Interest in Chanson International Holding (NASDAQ:CHSN) Drops By 85.6%

Chanson International Holding (NASDAQ:CHSN) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,792 shares, a decrease of 85.6% from the May 14th total of 60,860 shares. Based on an average trading volume of 128,870 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Chanson International from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Chanson International Trading Down 5.4%

Shares of CHSN opened at $1.23 on Wednesday. Chanson International has a twelve month low of $0.95 and a twelve month high of $5,360.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.81 and a quick ratio of 0.75. The company’s fifty day simple moving average is $96.38 and its 200-day simple moving average is $178.04.

About Chanson International

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.