CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Update

CCH Holdings Ltd (NASDAQ:CCHH) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,990 shares, a decrease of 82.5% from the August 31st total of 28,524 shares. Based on an average daily trading volume, of 27,478 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

CCH Stock Down 0.5%

Shares of NASDAQ:CCHH opened at $1.03 on Friday. CCH has a 12-month low of $0.90 and a 12-month high of $153.90. The business has a 50-day moving average price of $1.29 and a 200 day moving average price of $3.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04.

Insider Activity

In other news, CEO Kok E. Goh sold 4,872,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $0.28, for a total transaction of $1,364,300.00. Following the completion of the sale, the chief executive officer owned 347,500 shares in the company, valued at $97,300. This trade represents a 93.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded CCH from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About CCH

We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.