Chow Tai Fook (OTCMKTS:CJEWY) Sees Large Increase in Short Interest

Chow Tai Fook (OTCMKTS:CJEWY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 792 shares, an increase of 94.1% from the March 15th total of 408 shares. Based on an average daily volume of 521 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.0% of the shares of the stock are short sold.

Chow Tai Fook Stock Performance

Shares of OTCMKTS CJEWY opened at $14.22 on Tuesday. The company’s 50-day simple moving average is $17.20 and its 200-day simple moving average is $17.80. Chow Tai Fook has a 52-week low of $11.66 and a 52-week high of $21.00. The company has a current ratio of 1.50, a quick ratio of 0.29 and a debt-to-equity ratio of 0.26.

About Chow Tai Fook

Chow Tai Fook Jewellery Group is a Hong Kong–based jeweller founded in 1929 and headquartered in Hong Kong. The company operates as an integrated jewellery business spanning design, sourcing, manufacturing, retail and wholesale distribution. It is one of the region’s largest jewellery retailers and sells a range of precious-metal and gem-set products through an extensive store network and other distribution channels.

Chow Tai Fook’s product lineup includes gold jewelry, diamond and gemstone pieces, watches and related accessories, with offerings that span mass-market collections, bridal and higher-end designer pieces.