ChinaCache International Holdings Ltd. (CCIH) Sees Strong Trading Volume
ChinaCache International Holdings Ltd. (NASDAQ:CCIH) shares saw unusually-strong trading volume on Thursday . Approximately 960,659 shares were traded during trading, an increase of 236% from the previous session’s volume of 285,486 shares.The stock last traded at $1.08 and had previously closed at $1.08.
A hedge fund recently raised its stake in ChinaCache International Holdings stock. Renaissance Technologies LLC increased its stake in shares of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) by 128.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 212,100 shares of the information services provider’s stock after purchasing an additional 119,300 shares during the period. Renaissance Technologies LLC owned approximately 0.81% of ChinaCache International Holdings worth $331,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 32.34% of the company’s stock.
About ChinaCache International Holdings
ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. Its across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.
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