Zhuzhou CRRC Times Electric Co., Ltd. (OTCMKTS:ZHUZY) Sees Large Increase in Short Interest

Zhuzhou CRRC Times Electric Co., Ltd. (OTCMKTS:ZHUZY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 102 shares, an increase of 21.4% from the March 15th total of 84 shares. Based on an average daily trading volume, of 212 shares, the days-to-cover ratio is presently 0.5 days.

Zhuzhou CRRC Times Electric Stock Performance

Shares of OTCMKTS ZHUZY opened at C$23.43 on Friday. The business has a fifty day simple moving average of C$25.70 and a 200 day simple moving average of C$23.95. Zhuzhou CRRC Times Electric has a one year low of C$22.10 and a one year high of C$30.68.

Zhuzhou CRRC Times Electric Company Profile

Zhuzhou CRRC Times Electric Co, Ltd. is a China–based designer and manufacturer of electrical traction equipment for the rail transit industry. As a publicly traded subsidiary of CRRC Corporation Limited, it focuses on the development and production of key propulsion and power‐conversion systems for high‐speed trains, urban rail vehicles, freight locomotives and other rail applications. The company’s product portfolio includes AC traction motors, traction converters, auxiliary power units, transformers and onboard power supply systems.

Since its establishment in 2002 in Zhuzhou, Hunan Province, the company has leveraged research and development capabilities to advance modular and integrated drive solutions.