Short Interest in Chanson International Holding (NASDAQ:CHSN) Drops By 85.6%

Chanson International Holding (NASDAQ:CHSN) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,792 shares, a decline of 85.6% from the May 14th total of 60,860 shares. Based on an average daily volume of 128,870 shares, the short-interest ratio is currently 0.1 days. Currently, 2.3% of the shares of the company are sold short.

Chanson International Trading Down 5.4%

Shares of NASDAQ:CHSN opened at $1.23 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.75 and a current ratio of 0.81. The firm has a fifty day moving average price of $96.38 and a 200 day moving average price of $178.04. Chanson International has a fifty-two week low of $0.95 and a fifty-two week high of $5,360.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Chanson International from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Chanson International currently has a consensus rating of “Sell”.

Chanson International Company Profile

Chanson International, Inc is a Taiwan?based designer, manufacturer and distributor of electronic massage and wellness products. The company focuses on developing advanced full-body massage chairs, handheld massagers, foot and eye massaging devices, and heat therapy systems. Chanson leverages proprietary technologies in vibration, air compression and thermal stimulation to deliver relaxation and support musculoskeletal health.

The company markets its products under the Chanson brand through a combination of retail showrooms, wellness centers, e-commerce platforms and direct sales networks.