Chorus Ltd. (OTCMKTS:CHRYY) Stock Short Interest Drops 79.1%
by Sarita Garza · The Markets DailyChorus Ltd. (OTCMKTS:CHRYY – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 33 shares, a drop of 79.1% from the August 31st total of 158 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,085 shares, the days-to-cover ratio is presently 0.0 days.
Chorus Trading Down 0.3%
Shares of CHRYY stock traded down $0.08 during mid-day trading on Friday, reaching $23.59. 1,561 shares of the company’s stock traded hands, compared to its average volume of 452. Chorus has a 12 month low of $23.06 and a 12 month high of $30.33. The firm has a 50 day moving average price of $26.69 and a two-hundred day moving average price of $27.57.
About Chorus
Chorus Limited is a New Zealand telecommunications infrastructure company that owns and operates the country’s nationwide fixed-line communications network. The company does not generally provide retail telecommunications services directly to consumers; instead, it supplies wholesale network access to internet service providers and other communications companies.
Chorus’s network supports high-speed broadband, voice, data and other digital communications services. Its infrastructure includes a nationwide fiber-optic network developed through New Zealand’s Ultra-Fast Broadband initiative, as well as remaining copper-based connections and related network assets.