CCH Holdings Ltd (NASDAQ:CCHH) Sees Significant Decline in Short Interest
by Scott Moore · The Cerbat GemCCH Holdings Ltd (NASDAQ:CCHH – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 20,612 shares, a decline of 96.2% from the June 15th total of 540,788 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 556,413 shares, the days-to-cover ratio is currently 0.0 days.
CCH Trading Down 8.3%
Shares of NASDAQ CCHH traded down $0.02 during midday trading on Friday, hitting $0.19. The company’s stock had a trading volume of 3,095,596 shares, compared to its average volume of 10,464,418. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.04 and a current ratio of 2.11. The stock has a fifty day moving average price of $0.42 and a 200 day moving average price of $0.54. CCH has a one year low of $0.18 and a one year high of $15.39.
CCH’s stock is going to reverse split before the market opens on Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 12th.
CCH (NASDAQ:CCHH – Get Free Report) last released its quarterly earnings data on Saturday, May 16th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $2.46 million for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised CCH from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Research Report on CCHH
About CCH
We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.