Chanson International Holding (NASDAQ:CHSN) Short Interest Up 3,697.2% in August

Chanson International Holding (NASDAQ:CHSN) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 130,853 shares, a growth of 3,697.2% from the July 30th total of 3,446 shares. Approximately 33.6% of the company’s shares are sold short. Based on an average daily trading volume, of 265,159 shares, the days-to-cover ratio is presently 0.5 days.

Chanson International Trading Up 0.9%

Shares of Chanson International stock traded up $0.01 during trading hours on Tuesday, reaching $1.11. 23,212 shares of the company were exchanged, compared to its average volume of 652,973. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.08. Chanson International has a 1 year low of $0.92 and a 1 year high of $381.00. The stock’s fifty day moving average is $1.09 and its 200 day moving average is $94.65.

Wall Street Analyst Weigh In

CHSN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Chanson International to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Chanson International in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.