China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,616,819 shares, a decrease of 50.2% from the May 31st total of 7,266,944 shares. Based on an average trading volume of 62,286 shares, the short-interest ratio is presently 58.1 days.
China Hongqiao Group Price Performance
Shares of CHHQF opened at $2.68 on Tuesday. The business’s 50 day moving average is $3.79 and its 200 day moving average is $4.32. China Hongqiao Group has a 12-month low of $2.42 and a 12-month high of $5.19.
China Hongqiao Group Company Profile
China Hongqiao Group Limited is one of the world’s leading producers of primary aluminum and related products. The company operates an integrated production chain spanning bauxite mining, alumina refining, primary aluminum smelting and power generation. Leveraging access to low-cost hydroelectric power and in-house alumina capacity, Hongqiao has established a position as a cost-competitive supplier in the global aluminum market.
Founded in 1994 and headquartered in Binzhou, Shandong Province, China Hongqiao Group has grown through vertical integration and strategic expansion.
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