China Hongqiao Group Limited (OTCMKTS:CHHQF) Stock Short Interest Falls 44.7%

China Hongqiao Group Limited (OTCMKTS:CHHQF) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 79,912 shares, a decrease of 44.7% from the September 30th total of 144,400 shares. Based on an average trading volume of 13,661 shares, the days-to-cover ratio is currently 5.8 days.

China Hongqiao Group Stock Performance

Shares of China Hongqiao Group stock traded up $0.00 during trading hours on Monday, reaching $2.58. The stock had a trading volume of 248 shares, compared to its average volume of 14,844. China Hongqiao Group has a 1 year low of $2.30 and a 1 year high of $5.19. The firm has a 50 day simple moving average of $2.74 and a two-hundred day simple moving average of $3.73.

About China Hongqiao Group

China Hongqiao Group Limited is an integrated aluminum producer headquartered in Binzhou, Shandong Province, China. The company’s operations cover the aluminum production chain, including bauxite sourcing, alumina refining, primary aluminum smelting and aluminum alloy production.

Its product portfolio also includes aluminum fabrication products used in areas such as transportation, construction, power, packaging and consumer goods. The group has developed supporting power-generation and related infrastructure to serve its production facilities and improve the integration of its industrial operations.

China Hongqiao was established in 1994 and has expanded from a regional aluminum producer into an integrated manufacturer with production operations primarily in China.