Short Interest in Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Increases By 93.6%

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 178,348 shares, a growth of 93.6% from the May 31st total of 92,110 shares. Based on an average daily volume of 494,863 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Ck Hutchison Stock Down 2.1%

OTCMKTS CKHUY opened at $8.27 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. Ck Hutchison has a twelve month low of $6.00 and a twelve month high of $9.35. The stock has a fifty day simple moving average of $8.76 and a 200-day simple moving average of $8.07.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Ck Hutchison to a “hold” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ck Hutchison currently has a consensus rating of “Hold”.

About Ck Hutchison

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.