CCH Holdings Ltd (NASDAQ:CCHH) Stock Short Interest Declines 82.5%

CCH Holdings Ltd (NASDAQ:CCHH) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 4,990 shares, a drop of 82.5% from the August 31st total of 28,524 shares. Based on an average daily trading volume, of 27,478 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Activity

In other CCH news, CEO Kok E. Goh acquired 5,220,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average cost of $0.28 per share, for a total transaction of $1,461,600.00. Following the transaction, the chief executive officer directly owned 5,220,000 shares of the company’s stock, valued at approximately $1,461,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of CCH from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

CCH Stock Down 2.9%

CCH stock traded down $0.03 during midday trading on Friday, reaching $1.00. 22,297 shares of the company were exchanged, compared to its average volume of 42,462. The firm’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $3.63. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.22. CCH has a 1 year low of $0.90 and a 1 year high of $153.90.

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.