China Hongqiao Group Limited (OTCMKTS:CHHQF) Sees Large Decrease in Short Interest

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 3,311,553 shares, a decline of 39.8% from the December 15th total of 5,497,787 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

China Hongqiao Group Price Performance

CHHQF opened at $4.80 on Friday. China Hongqiao Group has a 12-month low of $1.57 and a 12-month high of $4.80. The business’s fifty day simple moving average is $3.77 and its 200-day simple moving average is $3.18.

About China Hongqiao Group

China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.

Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.