ChinaCache International Holdings Ltd. (CCIH) Sees Strong Trading Volume
Shares of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) saw unusually-high trading volume on Friday . Approximately 2,293,317 shares were traded during trading, an increase of 1,163% from the previous session’s volume of 181,522 shares.The stock last traded at $1.01 and had previously closed at $0.85.
A hedge fund recently raised its stake in ChinaCache International Holdings stock. Renaissance Technologies LLC grew its stake in shares of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) by 128.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,100 shares of the information services provider’s stock after acquiring an additional 119,300 shares during the quarter. Renaissance Technologies LLC owned about 0.81% of ChinaCache International Holdings worth $331,000 as of its most recent SEC filing. 32.92% of the stock is owned by institutional investors and hedge funds.
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ChinaCache International Holdings Company Profile
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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