Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Sees Large Drop in Short Interest

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 33,909 shares, a drop of 49.6% from the July 15th total of 67,337 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 368,945 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Ck Hutchison to a “hold” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Ck Hutchison Stock Performance

Shares of OTCMKTS CKHUY traded down $0.11 during midday trading on Friday, reaching $8.90. 121,017 shares of the company were exchanged, compared to its average volume of 182,451. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.57. Ck Hutchison has a 1 year low of $6.30 and a 1 year high of $9.42. The stock has a fifty day simple moving average of $8.84 and a 200 day simple moving average of $8.44.

Ck Hutchison Company Profile

CK Hutchison Holdings Limited (OTCMKTS: CKHUY) is a Hong Kong–based multinational conglomerate with diversified operations across ports, retail, telecommunications, infrastructure, property and related services. The group was created in 2015 through the combination of the Cheung Kong and Hutchison Whampoa businesses and is headquartered in Hong Kong. CK Hutchison pursues a strategy of long‑term investment and active portfolio management across multiple capital‑intensive sectors.

The company’s principal activities include global port operations through Hutchison Ports, one of the world’s largest port operators; health and beauty, grocery and related retailing through A.S.