Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Sees Large Decline in Short Interest

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 145,420 shares, a drop of 62.5% from the April 15th total of 388,007 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 319,784 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Ck Hutchison to a “hold” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Ck Hutchison Stock Performance

CKHUY traded down $0.01 during trading on Thursday, hitting $9.29. The stock had a trading volume of 126,094 shares, compared to its average volume of 187,112. Ck Hutchison has a 12 month low of $5.40 and a 12 month high of $9.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.57. The company has a 50 day simple moving average of $8.01 and a 200-day simple moving average of $7.59.

Ck Hutchison Company Profile

CK Hutchison Holdings Limited (OTCMKTS: CKHUY) is a Hong Kong–based multinational conglomerate with diversified operations across ports, retail, telecommunications, infrastructure, property and related services. The group was created in 2015 through the combination of the Cheung Kong and Hutchison Whampoa businesses and is headquartered in Hong Kong. CK Hutchison pursues a strategy of long?term investment and active portfolio management across multiple capital?intensive sectors.

The company’s principal activities include global port operations through Hutchison Ports, one of the world’s largest port operators; health and beauty, grocery and related retailing through A.S.