China Hongqiao Group Limited (OTCMKTS:CHHQF) Short Interest Down 54.7% in July

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 692,512 shares, a drop of 54.7% from the June 30th total of 1,527,073 shares. Based on an average trading volume of 50,601 shares, the short-interest ratio is currently 13.7 days.

China Hongqiao Group Trading Down 4.0%

Shares of CHHQF stock traded down $0.13 during trading hours on Tuesday, hitting $3.02. 6,144 shares of the company’s stock were exchanged, compared to its average volume of 17,524. China Hongqiao Group has a 12-month low of $2.42 and a 12-month high of $5.19. The business’s 50 day simple moving average is $3.19 and its 200-day simple moving average is $4.19.

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.