China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Short Interest Down 57.7% in June

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 946,911 shares, a drop of 57.7% from the May 31st total of 2,238,911 shares. Based on an average daily volume of 736 shares, the days-to-cover ratio is currently 1,286.6 days.

China Eastern Airlines Price Performance

OTCMKTS:CHEAF opened at $0.47 on Tuesday. China Eastern Airlines has a 12 month low of $0.34 and a 12 month high of $0.80. The company has a 50 day simple moving average of $0.53 and a two-hundred day simple moving average of $0.62.

About China Eastern Airlines

China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.

The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.