Chanson International Holding (NASDAQ:CHSN) Sees Large Increase in Short Interest

Chanson International Holding (NASDAQ:CHSN) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 130,853 shares, a growth of 3,697.2% from the July 30th total of 3,446 shares. Approximately 33.6% of the shares of the stock are sold short. Based on an average trading volume of 265,159 shares, the short-interest ratio is presently 0.5 days.

Chanson International Stock Performance

Shares of NASDAQ:CHSN opened at $1.11 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.08. Chanson International has a 52 week low of $0.92 and a 52 week high of $381.00. The firm’s fifty day moving average is $1.09 and its 200-day moving average is $93.10.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CHSN shares. Wall Street Zen upgraded Chanson International to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chanson International in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average 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.