Short Interest in Chanson International Holding (NASDAQ:CHSN) Rises By 262.3%

Chanson International Holding (NASDAQ:CHSN) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 60,995 shares, a growth of 262.3% from the June 30th total of 16,834 shares. Based on an average daily trading volume, of 4,279,726 shares, the short-interest ratio is currently 0.0 days. Currently, 15.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHSN. Weiss Ratings reissued a “sell (d)” rating on shares of Chanson International in a research note on Tuesday. Wall Street Zen upgraded shares of Chanson International to a “hold” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Chanson International Trading Down 4.8%

Shares of Chanson International stock traded down $0.06 during trading hours on Friday, reaching $1.19. 74,038 shares of the company’s stock were exchanged, compared to its average volume of 2,241,757. Chanson International has a 1 year low of $0.95 and a 1 year high of $1,072.00. The business has a fifty day moving average of $1.14 and a two-hundred day moving average of $126.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.81 and a quick ratio of 0.75.

Chanson International Company Profile

Chanson International, Inc is a Taiwan?based designer, manufacturer and distributor of electronic massage and wellness products. The company focuses on developing advanced full-body massage chairs, handheld massagers, foot and eye massaging devices, and heat therapy systems. Chanson leverages proprietary technologies in vibration, air compression and thermal stimulation to deliver relaxation and support musculoskeletal health.

The company markets its products under the Chanson brand through a combination of retail showrooms, wellness centers, e-commerce platforms and direct sales networks.