CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Down 96.2% in June

CCH Holdings Ltd (NASDAQ:CCHH) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 20,612 shares, a decrease of 96.2% from the June 15th total of 540,788 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 556,413 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

CCH Stock Performance

NASDAQ:CCHH traded down $0.02 during trading hours on Friday, hitting $0.19. 3,095,596 shares of the company traded hands, compared to its average volume of 10,464,418. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04. The firm’s 50-day simple moving average is $0.42 and its 200-day simple moving average is $0.54. CCH has a one year low of $0.18 and a one year high of $15.39.

CCH’s stock is scheduled to reverse split on the morning of Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

CCH (NASDAQ:CCHH) last announced its earnings results on Saturday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $2.46 million during the quarter.

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.