China Eastern Airlines Co. Limited (OTCMKTS:CHEAF – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 996,911 shares, an increase of 99.2% from the July 15th total of 500,366 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
China Eastern Airlines Stock Performance
OTCMKTS CHEAF remained flat at $0.37 on Friday. China Eastern Airlines has a one year low of $0.34 and a one year high of $0.80. The business’s fifty day moving average price is $0.42 and its 200 day moving average price is $0.56.
China Eastern Airlines Company Profile
China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.
The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.
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