Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Sees Significant Drop in Short Interest

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 145,420 shares, a decrease of 62.5% from the April 15th total of 388,007 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 319,784 shares, the days-to-cover ratio is presently 0.5 days.

Ck Hutchison Price Performance

Shares of OTCMKTS CKHUY traded down $0.06 during trading hours on Friday, hitting $9.23. 197,549 shares of the stock were exchanged, compared to its average volume of 188,767. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.57 and a quick ratio of 1.37. The company’s 50 day moving average is $8.07 and its 200 day moving average is $7.62. Ck Hutchison has a one year low of $5.40 and a one year high of $9.35.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Ck Hutchison to a “hold” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Ck Hutchison

CK Hutchison Holdings Limited (OTCMKTS: CKHUY) is a Hong Kong–based multinational conglomerate with diversified operations across ports, retail, telecommunications, infrastructure, property and related services. The group was created in 2015 through the combination of the Cheung Kong and Hutchison Whampoa businesses and is headquartered in Hong Kong. CK Hutchison pursues a strategy of long?term investment and active portfolio management across multiple capital?intensive sectors.

The company’s principal activities include global port operations through Hutchison Ports, one of the world’s largest port operators; health and beauty, grocery and related retailing through A.S.