China Hongqiao Group Limited (OTCMKTS:CHHQF) Sees Large Growth in Short Interest

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,427,922 shares, an increase of 55.3% from the February 12th total of 1,563,565 shares. Based on an average trading volume of 397 shares, the days-to-cover ratio is presently 6,115.7 days. Based on an average trading volume of 397 shares, the days-to-cover ratio is presently 6,115.7 days.

China Hongqiao Group Stock Performance

Shares of China Hongqiao Group stock opened at $5.00 on Friday. China Hongqiao Group has a twelve month low of $1.57 and a twelve month high of $5.00. The company has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $3.84.

China Hongqiao Group Company Profile

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.