China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Short Interest Update

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,392,000 shares, a growth of 32.6% from the December 15th total of 3,312,000 shares. Based on an average daily volume of 91 shares, the days-to-cover ratio is currently 48,263.7 days. Based on an average daily volume of 91 shares, the days-to-cover ratio is currently 48,263.7 days.

China Eastern Airlines Price Performance

Shares of CHEAF stock opened at $0.63 on Friday. China Eastern Airlines has a 1-year low of $0.30 and a 1-year high of $0.63. The stock has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $0.45.

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.