China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Sees Large Growth in Short Interest

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 1,686,000 shares, an increase of 436.9% from the March 31st total of 314,000 shares. Based on an average daily volume of 6 shares, the days-to-cover ratio is presently 281,000.0 days.

China Eastern Airlines Price Performance

OTCMKTS:CHEAF opened at $0.58 on Friday. China Eastern Airlines has a 1 year low of $0.33 and a 1 year high of $0.80. The business has a fifty day moving average of $0.67 and a 200-day moving average of $0.61.

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.