Chervon Holdings Limited (OTCMKTS:CHRHF) Shares Shorted: Short Interest Up 406.8% in September

Chervon Holdings Limited (OTCMKTS:CHRHF – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 51,540 shares, a growth of 406.8% from the August 31st total of 10,170 shares. Based on an average daily trading volume, of 2,775 shares, the days-to-cover ratio is presently 18.6 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Chervon to a “buy” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Chervon has an average rating of “Buy”.

Check Out Our Latest Stock Report on Chervon

Chervon Stock Performance

CHRHF opened at $3.30 on Friday. Chervon has a fifty-two week low of $1.93 and a fifty-two week high of $4.06. The firm has a 50-day moving average of $2.74 and a 200 day moving average of $2.39.

Chervon Company Profile

(Get Free Report)

Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.

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