CCH Holdings Ltd (NASDAQ:CCHH) Shares Shorted: Short Interest Up 87.2% in September

CCH Holdings Ltd (NASDAQ:CCHH – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,342 shares, a growth of 87.2% from the September 15th total of 4,990 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 57,327 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling

In other news, CEO Kok Goh purchased 5,220,000 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were purchased at an average cost of $0.28 per share, with a total value of $1,461,600.00. Following the completion of the purchase, the chief executive officer owned 5,220,000 shares of the company’s stock, valued at $1,461,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

CCH Price Performance

Shares of CCHH stock traded up $0.00 during trading hours on Friday, hitting $0.92. 2,479 shares of the company’s stock traded hands, compared to its average volume of 514,899. The stock’s 50 day simple moving average is $1.16 and its 200 day simple moving average is $3.04. CCH has a 12 month low of $0.86 and a 12 month high of $153.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CCH in a research note on Monday, September 28th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Check Out Our Latest Analysis on CCHH

About CCH

(Get Free Report)

We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.

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