ChinaCache International (CCIH) Sees Unusually-High Trading Volume

ChinaCache International Holdings Ltd (NASDAQ:CCIH) shares saw an uptick in trading volume on Thursday . 1,839,072 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 1,261,913 shares.The stock last traded at $1.43 and had previously closed at $1.44.

An institutional investor recently raised its position in ChinaCache International stock. Renaissance Technologies LLC increased its stake in ChinaCache International Holdings Ltd (NASDAQ:CCIH) by 23.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 924,699 shares of the information services provider’s stock after purchasing an additional 177,600 shares during the quarter. Renaissance Technologies LLC owned approximately 3.61% of ChinaCache International worth $1,563,000 at the end of the most recent reporting period. 31.18% of the stock is owned by institutional investors.

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ChinaCache International Company Profile

ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. Its across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.

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