Short Interest in China Vanke Co., Ltd. (OTCMKTS:CHVKF) Rises By 38.6%

China Vanke Co., Ltd. (OTCMKTS:CHVKFGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,307,800 shares, an increase of 38.6% from the March 31st total of 1,665,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 23,078.0 days.

Shares of CHVKF stock opened at $2.55 on Friday. China Vanke has a 52-week low of $2.12 and a 52-week high of $3.50. The stock has a fifty day simple moving average of $2.40 and a two-hundred day simple moving average of $2.44.

Separately, JPMorgan Chase & Co. raised China Vanke from a “neutral” rating to an “overweight” rating in a report on Friday, April 8th.

About China Vanke (Get Rating)

China Vanke Co, Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally. The company operates through Property Development and Property Management segments. It develops residential buildings, commercial offices, and other ancillary facilities.

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