China Literature Limited (OTCMKTS:CHLLF) Sees Significant Drop in Short Interest

China Literature Limited (OTCMKTS:CHLLF) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,469,100 shares, a drop of 22.6% from the December 31st total of 3,189,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 24,691.0 days.

China Literature Price Performance

Shares of OTCMKTS CHLLF opened at $3.53 on Friday. China Literature has a 52-week low of $3.47 and a 52-week high of $3.67. The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $3.46.

China Literature Company Profile

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company promotes intellectual properties primarily through its online literature platforms, such as QQ Reading and Qidian; and New Classics Media, a film and TV drama series production house.