Chanson International Holding (NASDAQ:CHSN) Sees Significant Decrease in Short Interest

Chanson International Holding (NASDAQ:CHSN) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,792 shares, a decrease of 85.6% from the May 14th total of 60,860 shares. Based on an average trading volume of 128,870 shares, the short-interest ratio is currently 0.1 days. Currently, 2.3% of the company’s shares are sold short.

Chanson International Price Performance

NASDAQ CHSN traded down $0.17 during mid-day trading on Thursday, hitting $1.20. The company’s stock had a trading volume of 228,976 shares, compared to its average volume of 506,488. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.75 and a current ratio of 0.81. The company’s 50 day simple moving average is $91.18 and its 200 day simple moving average is $176.58. Chanson International has a twelve month low of $0.95 and a twelve month high of $4,424.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Chanson International from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Chanson International

Chanson International, Inc is a Taiwan‐based designer, manufacturer and distributor of electronic massage and wellness products. The company focuses on developing advanced full-body massage chairs, handheld massagers, foot and eye massaging devices, and heat therapy systems. Chanson leverages proprietary technologies in vibration, air compression and thermal stimulation to deliver relaxation and support musculoskeletal health.

The company markets its products under the Chanson brand through a combination of retail showrooms, wellness centers, e-commerce platforms and direct sales networks.