China Hongqiao Group Limited (OTCMKTS:CHHQF) Short Interest Update

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 10,217,669 shares, an increase of 202.6% from the April 15th total of 3,376,353 shares. Based on an average daily trading volume, of 30,745 shares, the days-to-cover ratio is currently 332.3 days.

China Hongqiao Group Price Performance

CHHQF remained flat at $4.45 during trading on Friday. 1,853 shares of the company’s stock were exchanged, compared to its average volume of 20,259. China Hongqiao Group has a twelve month low of $1.63 and a twelve month high of $5.19. The business’s 50-day simple moving average is $4.79 and its two-hundred day simple moving average is $4.36.

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.