CCH Holdings Ltd (NASDAQ:CCHH) Short Interest Update

CCH Holdings Ltd (NASDAQ:CCHH) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 20,612 shares, a decrease of 96.2% from the June 15th total of 540,788 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 556,413 shares, the short-interest ratio is presently 0.0 days.

CCH Stock Down 8.3%

NASDAQ:CCHH traded down $0.02 during mid-day trading on Friday, hitting $0.19. 3,095,596 shares of the company’s stock were exchanged, compared to its average volume of 10,469,525. The company has a 50 day simple moving average of $0.42 and a 200-day simple moving average of $0.54. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. CCH has a fifty-two week low of $0.18 and a fifty-two week high of $15.39.

Shares of CCH are going to reverse split before the market opens on Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 12th.

CCH (NASDAQ:CCHH) last announced its quarterly earnings results on Saturday, May 16th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $2.46 million for the quarter.

Analyst Ratings Changes

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

CCH Company Profile

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.