China Eastern Airlines Co. Limited (OTCMKTS:CHEAF – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,434,000 shares, an increase of 157.0% from the June 15th total of 946,911 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 486.8 days.
China Eastern Airlines Price Performance
CHEAF opened at $0.40 on Tuesday. The business has a 50 day simple moving average of $0.50 and a two-hundred day simple moving average of $0.60. China Eastern Airlines has a one year low of $0.34 and a one year high of $0.80.
About China Eastern Airlines
China Eastern Airlines Corporation Limited is one of the three major state-owned airlines in the People’s Republic of China, with its headquarters and primary hubs located in Shanghai. Established in 1988 through the reorganization of the Civil Aviation Administration of China’s regional operations, the company operates under the auspices of China Eastern Air Holding Company, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. Over the decades, China Eastern has grown into a leading carrier, leveraging Shanghai’s Pudong and Hongqiao airports as central nodes for its expansive route network.
The company’s core business comprises scheduled passenger air transport services, freight and mail delivery, and aircraft maintenance services.
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