CCH Holdings Ltd (NASDAQ:CCHH) Sees Significant Drop in Short Interest

CCH Holdings Ltd (NASDAQ:CCHH) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,331 shares, a drop of 53.6% from the September 30th total of 9,342 shares. Based on an average daily trading volume, of 30,801 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

CCH Price Performance

CCHH traded down $0.07 on Friday, hitting $0.89. 6,874 shares of the company’s stock were exchanged, compared to its average volume of 29,438. CCH has a twelve month low of $0.83 and a twelve month high of $153.90. The stock has a fifty day moving average of $1.06 and a two-hundred day moving average of $3.76.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CCH in a research report on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average 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.