Short Interest in Chervon Holdings Limited (OTCMKTS:CHRHF) Rises By 236.5%

Chervon Holdings Limited (OTCMKTS:CHRHF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 113,255 shares, a growth of 236.5% from the May 14th total of 33,655 shares. Based on an average daily volume of 23 shares, the days-to-cover ratio is currently 4,924.1 days.

Chervon Price Performance

OTCMKTS:CHRHF remained flat at $1.93 during mid-day trading on Friday. 105 shares of the company were exchanged, compared to its average volume of 694. Chervon has a 52 week low of $1.88 and a 52 week high of $3.60. The business’s 50-day simple moving average is $2.12 and its two-hundred day simple moving average is $2.60.

About Chervon

Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.