China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 692,512 shares, a decline of 54.7% from the June 30th total of 1,527,073 shares. Based on an average daily volume of 50,601 shares, the days-to-cover ratio is currently 13.7 days.
China Hongqiao Group Stock Performance
Shares of OTCMKTS:CHHQF traded down $0.13 during trading on Tuesday, reaching $3.02. 6,144 shares of the company traded hands, compared to its average volume of 17,524. China Hongqiao Group has a 52-week low of $2.42 and a 52-week high of $5.19. The business’s fifty day moving average is $3.19 and its 200-day moving average is $4.19.
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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