Chanson International Holding (NASDAQ:CHSN) Shares Shorted: Short Interest Up 144.7% in October

Chanson International Holding (NASDAQ:CHSN) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 176,033 shares, an increase of 144.7% from the October 15th total of 71,938 shares. Currently, 45.1% of the shares of the company are sold short. Based on an average trading volume of 6,950,600 shares, the short-interest ratio is presently 0.0 days.

Chanson International Stock Down 6.1%

NASDAQ CHSN traded down $0.04 on Friday, hitting $0.56. The company had a trading volume of 665,643 shares, compared to its average volume of 14,337,328. The company’s fifty day moving average price is $1.25 and its 200-day moving average price is $71.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.37 and a quick ratio of 1.33. Chanson International has a 12-month low of $0.52 and a 12-month high of $331.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Chanson International in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Chanson International currently has an average rating of “Sell”.

Chanson International Company Profile

Chanson International Holding is a China-based food and beverage company that operates bakery, café and restaurant businesses under the Chanson brand. The company is focused primarily on serving customers in the Xinjiang Uygur Autonomous Region of China. Its product offerings include freshly baked breads, pastries, cakes and other baked goods, as well as coffee, tea, juice and other beverages. Chanson also offers prepared food and related café and restaurant items, with products sold through its physical stores and other sales channels.