Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY) Sees Significant Drop in Short Interest

Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,257 shares, a decrease of 40.0% from the July 30th total of 7,090 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 12,890 shares, the days-to-cover ratio is currently 0.3 days.

Hengan International Group Price Performance

Shares of HEGIY remained flat at $14.05 during mid-day trading on Monday. 19,264 shares of the stock were exchanged, compared to its average volume of 10,599. Hengan International Group has a fifty-two week low of $13.39 and a fifty-two week high of $19.17. The stock’s 50-day simple moving average is $14.80 and its 200-day simple moving average is $16.33.

Hengan International Group Company Profile

Hengan International Group Company Limited, through its subsidiaries, engages in the production and distribution of household hygiene products in the People’s Republic of China. Incorporated in Bermuda in 1997, the company has its operational headquarters in Jinjiang, Fujian Province. Hengan’s offerings span sanitary napkins, baby diapers, adult diapers, toilet paper, facial tissue and paper towels, marketed under flagship brands such as Sofy and Hengan. The group’s vertically integrated manufacturing network encompasses raw material procurement, production, packaging and sales to ensure rigorous quality control and supply chain efficiency.

Since its founding in 1985, Hengan International has grown to become one of China’s leading tissue and hygiene product manufacturers.