China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,713,489 shares, an increase of 42.3% from the December 31st total of 3,311,553 shares. Based on an average daily volume of 2,268 shares, the days-to-cover ratio is presently 2,078.3 days. Based on an average daily volume of 2,268 shares, the days-to-cover ratio is presently 2,078.3 days.
China Hongqiao Group Stock Up 12.4%
OTCMKTS CHHQF opened at $4.80 on Friday. China Hongqiao Group has a 1 year low of $1.57 and a 1 year high of $4.80. The company has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $3.38.
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.
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