Chorus Limited (OTCMKTS:CHRYY) Short Interest Down 75.0% in November

Chorus Limited (OTCMKTS:CHRYY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a decrease of 75.0% from the October 31st total of 400 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, UBS Group raised Chorus from a “strong sell” rating to a “hold” rating in a report on Sunday, October 13th.

Chorus Price Performance

CHRYY traded up $0.03 on Wednesday, reaching $25.94. The company had a trading volume of 360 shares, compared to its average volume of 564. Chorus has a 52-week low of $20.85 and a 52-week high of $28.24. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.95. The business has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $24.59.

Chorus Company Profile

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.