Short Interest in China Hongqiao Group Limited (OTCMKTS:CHHQF) Decreases By 37.5%

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,517,668 shares, a decrease of 37.5% from the February 26th total of 2,427,922 shares. Based on an average trading volume of 4,928 shares, the days-to-cover ratio is presently 308.0 days.

China Hongqiao Group Price Performance

Shares of China Hongqiao Group stock opened at $5.00 on Friday. The firm has a fifty day moving average price of $4.86 and a 200 day moving average price of $3.96. China Hongqiao Group has a 1 year low of $1.57 and a 1 year high of $5.00.

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.