Short Interest in Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Rises By 46.2%

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 218,200 shares, an increase of 46.2% from the May 15th total of 149,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 308,800 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, UBS Group upgraded Ck Hutchison from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 13th.

Ck Hutchison Trading Down 0.5%

Ck Hutchison stock opened at $6.04 on Wednesday. Ck Hutchison has a fifty-two week low of $4.60 and a fifty-two week high of $6.57. The firm’s fifty day moving average price is $5.63 and its 200-day moving average price is $5.43. The company has a quick ratio of 1.28, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Ck Hutchison Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be issued a $0.1559 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a dividend yield of 3.96%. This is a boost from Ck Hutchison’s previous dividend of $0.07.

Ck Hutchison Company Profile

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong and internationally. The company operates through four segments: Ports and Related Services, Retail, Infrastructure, and Telecommunications.