Short Interest in China Hongqiao Group Limited (OTCMKTS:CHHQF) Rises By 55.3%

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 2,427,922 shares, an increase of 55.3% from the February 12th total of 1,563,565 shares. Based on an average daily trading volume, of 397 shares, the days-to-cover ratio is currently 6,115.7 days. Based on an average daily trading volume, of 397 shares, the days-to-cover ratio is currently 6,115.7 days.

China Hongqiao Group Price Performance

CHHQF stock opened at $5.00 on Friday. The business’s 50-day moving average price is $4.71 and its 200-day moving average price is $3.82. China Hongqiao Group has a twelve month low of $1.57 and a twelve month high of $5.00.

China Hongqiao Group Company Profile

China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.

Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.