CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Down 96.2% in June

CCH Holdings Ltd (NASDAQ:CCHH) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 20,612 shares, a decline of 96.2% from the June 15th total of 540,788 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 556,413 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded CCH from a “sell (e)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

CCH Trading Down 8.3%

Shares of CCHH traded down $0.02 during mid-day trading on Friday, reaching $0.19. The stock had a trading volume of 3,095,596 shares, compared to its average volume of 10,464,418. The business has a fifty day moving average of $0.42 and a 200 day moving average of $0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.04 and a current ratio of 2.11. CCH has a 12 month low of $0.18 and a 12 month high of $15.39.

Shares of CCH are scheduled to reverse split on Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

CCH (NASDAQ:CCHH) last issued its earnings results on Saturday, May 16th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.46 million for the quarter.

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.