CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Up 130.8% in July

CCH Holdings Ltd (NASDAQ:CCHH) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 47,576 shares, an increase of 130.8% from the June 30th total of 20,612 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily volume of 2,083,061 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded CCH from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CCH Stock Performance

Shares of NASDAQ CCHH traded down $0.12 during trading on Tuesday, reaching $1.46. The stock had a trading volume of 38,473 shares, compared to its average volume of 659,348. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04. CCH has a one year low of $1.30 and a one year high of $153.90. The firm’s 50 day moving average price is $3.66 and its two-hundred day moving average price is $5.13.

CCH (NASDAQ:CCHH) last announced its quarterly earnings data on Saturday, May 16th. The company reported ($0.69) earnings per share (EPS) for the quarter. The company had revenue of $2.46 million during the quarter.

About CCH

We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.