Short Interest in Industrias CH, S. A. B. de C. V. (OTCMKTS:ICHBF) Increases By 9.1%

Industrias CH, S. A. B. de C. V. (OTCMKTS:ICHBFGet Rating) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,200 shares, an increase of 9.1% from the August 15th total of 1,100 shares. Based on an average trading volume of 4,300 shares, the short-interest ratio is presently 0.3 days.

Industrias CH, S. A. B. de C. V. Trading Up 0.7 %

Shares of OTCMKTS ICHBF opened at $10.95 on Monday. Industrias CH, S. A. B. de C. V. has a 12-month low of $10.28 and a 12-month high of $11.40. The business’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $10.06.

Analysts Set New Price Targets

Separately, Morgan Stanley cut Industrias CH, S. A. B. de C. V. from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 6th.

Industrias CH, S. A. B. de C. V. Company Profile

(Get Rating)

Industrias CH, S. A. B. de C. V., through its subsidiaries, engages in the production and processing of steel in Mexico and North America. It offers commercial and structural steel products, rebars, steel wires and derivates, special bars, steel pipes and tubes, billets, and blooms. The company was founded in 1934 and is based in Tlalnepantla de Baz, Mexico.

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