Chervon Holdings Limited (OTCMKTS:CHRHF) Shares Shorted: Short Interest Down 83.5% in September

Chervon Holdings Limited (OTCMKTS:CHRHF) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 8,517 shares, a decrease of 83.5% from the September 15th total of 51,540 shares. Based on an average daily trading volume, of 7,457 shares, the short-interest ratio is currently 1.1 days.

Chervon Trading Down 1.2%

CHRHF opened at $3.95 on Friday. Chervon has a one year low of $1.93 and a one year high of $4.30. The business’s 50 day moving average price is $2.95 and its 200 day moving average price is $2.46.

Wall Street Analyst Weigh In

Separately, Citigroup raised Chervon to a “buy” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Chervon Company Profile

Chervon is a China-based manufacturer and developer of power tools and outdoor power equipment. The company designs and produces cordless and corded tools, battery systems, chargers, and related accessories for professional users, contractors, consumers, and landscaping customers.

Its product portfolio includes drills, saws, grinders, sanders, and other power tools, as well as lawn mowers, trimmers, blowers, chainsaws, and other outdoor power equipment. Chervon markets products under its own brands, including EGO, FLEX, and DEVON, and also provides manufacturing and product-development services for industry partners.

Founded in 1994, Chervon has expanded from its Chinese base into international markets through product development, manufacturing, and distribution operations.