Short Interest in China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Increases By 32.6%

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,392,000 shares, an increase of 32.6% from the December 15th total of 3,312,000 shares. Based on an average daily trading volume, of 91 shares, the short-interest ratio is currently 48,263.7 days. Based on an average daily trading volume, of 91 shares, the short-interest ratio is currently 48,263.7 days.

China Eastern Airlines Price Performance

CHEAF opened at $0.63 on Monday. China Eastern Airlines has a 12-month low of $0.30 and a 12-month high of $0.63. The firm has a 50 day moving average of $0.59 and a two-hundred day moving average of $0.45.

China Eastern Airlines Company Profile

China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.

The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.