Chervon Holdings Limited (OTCMKTS:CHRHF) Shares Shorted: Short Interest Up 406.8% in September

Chervon Holdings Limited (OTCMKTS:CHRHF – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 51,540 shares, an increase of 406.8% from the August 31st total of 10,170 shares. Based on an average daily volume of 2,775 shares, the short-interest ratio is presently 18.6 days.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Chervon to a “buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Chervon currently has an average rating of “Buy”.

Check Out Our Latest Analysis on Chervon

Chervon Stock Up 3.1%

Shares of OTCMKTS CHRHF opened at $3.30 on Friday. Chervon has a fifty-two week low of $1.93 and a fifty-two week high of $4.06. The firm’s 50-day simple moving average is $2.74 and its 200 day simple moving average is $2.39.

About Chervon

(Get Free Report)

Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.

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