China Eastern Airlines Co. Limited (OTCMKTS:CHEAF – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,743,800 shares, an increase of 54.8% from the August 31st total of 1,772,911 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 13,719.0 days.
China Eastern Airlines Price Performance
CHEAF opened at $0.32 on Friday. The stock’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.47. China Eastern Airlines has a 52-week low of $0.32 and a 52-week high of $0.80.
China Eastern Airlines Company Profile
China Eastern Airlines Corporation Limited is a major Chinese airline headquartered in Shanghai. The company operates scheduled passenger and cargo air transportation services, along with related airline businesses such as aircraft maintenance, ground handling and aviation logistics.
China Eastern’s network connects destinations throughout mainland China with international and regional markets in Asia, Europe, North America and Oceania. Its principal operating base is Shanghai, supported by airports including Shanghai Hongqiao International Airport and Shanghai Pudong International Airport.
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