Man Wah Holdings Limited (OTCMKTS:MAWHF) Sees Large Drop in Short Interest

Man Wah Holdings Limited (OTCMKTS:MAWHFGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,693,139 shares, a drop of 44.0% from the June 30th total of 3,025,473 shares. Based on an average trading volume of 150 shares, the short-interest ratio is currently 11,287.6 days.

Man Wah Price Performance

OTCMKTS MAWHF remained flat at $0.40 on Wednesday. Man Wah has a twelve month low of $0.40 and a twelve month high of $0.68. The business has a 50 day simple moving average of $0.50 and a 200 day simple moving average of $0.57.

About Man Wah

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Man Wah Holdings Limited (OTCMKTS:MAWHF) is a China-based furniture manufacturer specializing in upholstered products. The company’s core offerings include reclining sofas, stationary upholstered seating and occasional chairs, designed for both residential and commercial markets. Through a combination of in-house design and external collaborations, Man Wah delivers a range of styles from classic to contemporary.

Operations are centered in Foshan, Guangdong province, where the company maintains vertically integrated manufacturing facilities.

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