Short Interest in ChinaCache International Holdings Ltd. (CCIH) Declines By 24.8%
ChinaCache International Holdings Ltd. (NASDAQ:CCIH) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 615,540 shares, a decrease of 24.8% from the August 31st total of 818,895 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 82,935 shares, the short-interest ratio is presently 7.4 days.
An institutional investor recently raised its position in ChinaCache International Holdings stock. Renaissance Technologies LLC boosted its holdings in shares of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) by 128.6% during the 1st quarter, according to the company in its most recent disclosure with the 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 approximately 0.81% of ChinaCache International Holdings worth $331,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 32.92% of the company’s stock.
ChinaCache International Holdings (NASDAQ CCIH) opened at 0.845 on Friday. ChinaCache International Holdings has a 12 month low of $0.72 and a 12 month high of $4.10.
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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