Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Short Interest Down 60.5% in May

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 57,448 shares, a drop of 60.5% from the April 30th total of 145,420 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 407,048 shares, the short-interest ratio is currently 0.1 days.

Ck Hutchison Stock Performance

Shares of Ck Hutchison stock opened at $8.93 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.57. Ck Hutchison has a twelve month low of $5.40 and a twelve month high of $9.35. The business has a 50-day moving average price of $8.36 and a 200 day moving average price of $7.79.

Wall Street Analysts Forecast Growth

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

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.