Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) Short Interest Down 31.0% in January

Chagee Holdings Limited – Sponsored ADR (NASDAQ:CHA) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 1,699,799 shares, a drop of 31.0% from the December 31st total of 2,462,915 shares. Based on an average daily volume of 1,122,870 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the company’s shares are sold short. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 1,122,870 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Chagee

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in Chagee during the 2nd quarter valued at approximately $26,000. Quantbot Technologies LP bought a new position in shares of Chagee in the 3rd quarter worth about $34,000. Ovata Capital Management Ltd increased its stake in shares of Chagee by 22.2% during the third quarter. Ovata Capital Management Ltd now owns 27,500 shares of the company’s stock valued at $455,000 after purchasing an additional 5,000 shares in the last quarter. Federated Hermes Inc. bought a new position in Chagee during the 2nd quarter valued at approximately $172,000. Finally, FACTORIAL MANAGEMENT Ltd bought a new position in shares of Chagee during the second quarter valued at $178,000.

Chagee Trading Down 2.8%

Shares of CHA stock traded down $0.34 during trading on Friday, reaching $11.72. 552,160 shares of the company’s stock traded hands, compared to its average volume of 757,985. Chagee has a 1 year low of $10.26 and a 1 year high of $41.80. The firm’s 50-day moving average is $12.98 and its 200 day moving average is $16.72. The company has a market capitalization of $2.15 billion and a P/E ratio of 13.32.

Chagee (NASDAQ:CHA) last posted its earnings results on Friday, November 28th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $450.67 million during the quarter, compared to analyst estimates of $458.31 million.

Chagee Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were given a $0.92 dividend. The ex-dividend date was Monday, December 8th. Chagee’s payout ratio is presently 98.86%.

Analysts Set New Price Targets

Several analysts recently weighed in on CHA shares. Weiss Ratings reissued a “sell (d)” rating on shares of Chagee in a research note on Monday, December 29th. JPMorgan Chase & Co. assumed coverage on shares of Chagee in a research report on Friday, November 14th. They set an “underweight” rating and a $14.20 price objective for the company. Wall Street Zen raised Chagee from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th. Finally, Jefferies Financial Group assumed coverage on shares of Chagee in a research note on Wednesday, January 7th. They issued a “hold” rating and a $14.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.06.

About Chagee

Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees. “Quality, Health, and Convenience” is the guiding principle of how we make our products.