China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,680,245 shares, a growth of 142.6% from the July 15th total of 692,512 shares. Based on an average daily volume of 8,369 shares, the days-to-cover ratio is currently 200.8 days.
China Hongqiao Group Price Performance
Shares of OTCMKTS CHHQF opened at $2.90 on Friday. The stock has a fifty day simple moving average of $3.02 and a two-hundred day simple moving average of $4.06. China Hongqiao Group has a 1-year low of $2.42 and a 1-year high of $5.19.
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.
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