China Hongqiao Group Limited (OTCMKTS:CHHQF) Short Interest Down 90.4% in August

China Hongqiao Group Limited (OTCMKTS:CHHQF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 166,656 shares, a decrease of 90.4% from the August 15th total of 1,734,169 shares. Based on an average daily volume of 27,897 shares, the short-interest ratio is presently 6.0 days.

China Hongqiao Group Stock Performance

Shares of China Hongqiao Group stock remained flat at $2.99 during trading hours on Thursday. 1,331 shares of the stock were exchanged, compared to its average volume of 17,550. China Hongqiao Group has a one year low of $2.42 and a one year high of $5.19. The business’s 50 day moving average price is $2.96 and its 200 day moving average price is $3.81.

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.