China Unicom Ltd. (NYSE:CHU) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,391,479 shares, an increase of 174.5% from the September 15th total of 506,929 shares. Based on an average daily trading volume, of 575,304 shares, the short-interest ratio is currently 2.4 days.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its stake in China Unicom by 128.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 30,554 shares of the company’s stock valued at $318,000 after buying an additional 17,184 shares during the period. NINE MASTS CAPITAL Ltd boosted its stake in China Unicom by 21.7% in the second quarter. NINE MASTS CAPITAL Ltd now owns 698,550 shares of the company’s stock valued at $7,221,000 after buying an additional 124,754 shares during the period. Airain ltd boosted its stake in China Unicom by 15.2% in the second quarter. Airain ltd now owns 29,987 shares of the company’s stock valued at $312,000 after buying an additional 3,954 shares during the period. PNC Financial Services Group Inc. boosted its stake in China Unicom by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 15,607 shares of the company’s stock valued at $162,000 after buying an additional 1,250 shares during the period. Finally, SG Americas Securities LLC boosted its stake in China Unicom by 12.1% in the second quarter. SG Americas Securities LLC now owns 17,644 shares of the company’s stock valued at $184,000 after buying an additional 1,910 shares during the period. Institutional investors and hedge funds own 0.96% of the company’s stock.

Several research analysts have weighed in on CHU shares. Goldman Sachs Group Inc. upgraded shares of China Unicom from a “neutral” rating to a “buy” rating and set a $12.50 price objective on the stock in a report on Thursday, September 22nd. Jefferies Group lowered shares of China Unicom from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Sanford C. Bernstein upgraded shares of China Unicom from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.47.

China Unicom (NYSE:CHU) opened at 12.29 on Tuesday. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 39.65 and a beta of 0.59. The company’s 50-day moving average is $11.99 and its 200 day moving average is $11.33. China Unicom has a 52-week low of $9.89 and a 52-week high of $13.45.

China Unicom Company Profile

China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).

5 Day Chart for NYSE:CHU

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