Short Interest in Chervon Holdings Limited (OTCMKTS:CHRHF) Grows By 236.5%

Chervon Holdings Limited (OTCMKTS:CHRHF) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 113,255 shares, an increase of 236.5% from the May 14th total of 33,655 shares. Based on an average daily volume of 23 shares, the days-to-cover ratio is currently 4,924.1 days.

Chervon Price Performance

Chervon stock remained flat at $1.93 during mid-day trading on Friday. Chervon has a one year low of $1.88 and a one year high of $3.60. The firm’s fifty day moving average is $2.12 and its 200 day moving average is $2.60.

Chervon Company Profile

Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.