Chanson International Holding (NASDAQ:CHSN) Sees Significant Increase in Short Interest

Chanson International Holding (NASDAQ:CHSN) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 104,340 shares, a growth of 112.6% from the March 31st total of 49,068 shares. Based on an average trading volume of 276,218 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Chanson International from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Chanson International has a consensus rating of “Sell”.

Chanson International Stock Down 30.1%

NASDAQ CHSN traded down $0.02 during trading on Tuesday, hitting $0.04. The stock had a trading volume of 150,040,498 shares, compared to its average volume of 7,795,705. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 0.08. Chanson International has a one year low of $0.04 and a one year high of $70.40. The stock has a 50 day simple moving average of $2.30 and a 200 day simple moving average of $2.25.

Chanson International Company Profile

Chanson International, Inc is a Taiwan?based designer, manufacturer and distributor of electronic massage and wellness products. The company focuses on developing advanced full-body massage chairs, handheld massagers, foot and eye massaging devices, and heat therapy systems. Chanson leverages proprietary technologies in vibration, air compression and thermal stimulation to deliver relaxation and support musculoskeletal health.

The company markets its products under the Chanson brand through a combination of retail showrooms, wellness centers, e-commerce platforms and direct sales networks.