Zhejiang Expressway Co., Ltd. (OTCMKTS:ZHEXF) Sees Large Increase in Short Interest

Zhejiang Expressway Co., Ltd. (OTCMKTS:ZHEXF) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 3,704,870 shares, an increase of 3,160.0% from the May 14th total of 113,646 shares. Based on an average daily trading volume, of 605 shares, the short-interest ratio is currently 6,123.8 days.

Zhejiang Expressway Price Performance

OTCMKTS ZHEXF remained flat at $0.88 on Tuesday. 495 shares of the company traded hands, compared to its average volume of 15,521. The firm’s fifty day simple moving average is $0.92 and its 200 day simple moving average is $0.93. Zhejiang Expressway has a 1-year low of $0.82 and a 1-year high of $1.10.

About Zhejiang Expressway

Zhejiang Expressway Co, Ltd. is a leading toll road operator and infrastructure developer headquartered in Hangzhou, Zhejiang Province, People’s Republic of China. Since its incorporation in 1997 and subsequent listing on the Hong Kong Stock Exchange, the company has been engaged primarily in the investment, construction, operation and maintenance of high-grade expressways. Its flagship assets include several key highway corridors that serve as vital arteries for passenger and freight traffic across Zhejiang, with connections extending into neighboring provinces such as Jiangsu and Shanghai.

Beyond toll road operations, Zhejiang Expressway has diversified its portfolio by developing ancillary businesses that complement its core infrastructure assets.