CCH Holdings Ltd (NASDAQ:CCHH – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,331 shares, a decrease of 53.6% from the September 30th total of 9,342 shares. Based on an average daily volume of 30,801 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Insider Activity
In related news, CEO Kok Goh sold 4,872,500 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $0.28, for a total value of $1,364,300.00. Following the completion of the sale, the chief executive officer directly owned 347,500 shares of the company’s stock, valued at approximately $97,300. This represents a 93.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CCH in a report on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on CCHH
CCH Stock Down 7.4%
Shares of NASDAQ:CCHH traded down $0.07 during trading on Friday, reaching $0.89. The stock had a trading volume of 6,874 shares, compared to its average volume of 491,660. CCH has a one year low of $0.83 and a one year high of $153.90. The firm’s 50-day simple moving average is $1.07 and its 200 day simple moving average is $3.78.
CCH Company Profile
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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