China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 166,656 shares, a decrease of 90.4% from the August 15th total of 1,734,169 shares. Based on an average daily trading volume, of 27,897 shares, the short-interest ratio is currently 6.0 days.
China Hongqiao Group Stock Performance
Shares of China Hongqiao Group stock opened at $2.73 on Friday. China Hongqiao Group has a 1-year low of $2.42 and a 1-year high of $5.19. The business has a 50-day moving average of $2.97 and a 200-day moving average of $3.79.
China Hongqiao Group Company Profile
China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.
Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.
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