China Hongqiao Group Limited (OTCMKTS:CHHQF) Sees Large Increase in Short Interest

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 144,400 shares, a growth of 83.2% from the September 15th total of 78,809 shares. Based on an average daily volume of 2,429 shares, the short-interest ratio is currently 59.4 days.

China Hongqiao Group Price Performance

OTCMKTS:CHHQF remained flat at $2.61 during trading hours on Friday. 86 shares of the company’s stock traded hands, compared to its average volume of 15,560. The business’s fifty day simple moving average is $2.84 and its 200 day simple moving average is $3.40. China Hongqiao Group has a 52 week low of $2.42 and a 52 week high of $5.19.

About China Hongqiao Group

China Hongqiao Group Limited is an integrated aluminum producer headquartered in Binzhou, Shandong Province, China. The company’s operations cover the aluminum production chain, including bauxite sourcing, alumina refining, primary aluminum smelting and aluminum alloy production.

Its product portfolio also includes aluminum fabrication products used in areas such as transportation, construction, power, packaging and consumer goods. The group has developed supporting power-generation and related infrastructure to serve its production facilities and improve the integration of its industrial operations.

China Hongqiao was established in 1994 and has expanded from a regional aluminum producer into an integrated manufacturer with production operations primarily in China.