Chervon Holdings Limited (OTCMKTS:CHRHF – Get Free Report) was the target of 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 currently 18.6 days.
Chervon Price Performance
OTCMKTS CHRHF remained flat at $3.20 during trading hours on Friday. The firm’s 50 day moving average price is $2.75 and its two-hundred day moving average price is $2.39. Chervon has a 52-week low of $1.93 and a 52-week high of $4.06.
Analysts Set New Price Targets
Separately, Citigroup raised Chervon to a “buy” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Chervon presently has a consensus rating of “Buy”.
Chervon Company Profile
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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