Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Sees Large Drop in Short Interest

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 33,909 shares, a drop of 49.6% from the July 15th total of 67,337 shares. Based on an average daily volume of 368,945 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Ck Hutchison to a “hold” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Ck Hutchison Stock Down 1.2%

OTCMKTS CKHUY traded down $0.11 during trading hours on Friday, hitting $8.90. 121,017 shares of the stock were exchanged, compared to its average volume of 182,451. Ck Hutchison has a 12-month low of $6.30 and a 12-month high of $9.42. The stock has a 50-day moving average of $8.84 and a 200 day moving average of $8.44. The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33.

Ck Hutchison Company Profile

CK Hutchison Holdings Limited (OTCMKTS: CKHUY) is a Hong Kong–based multinational conglomerate with diversified operations across ports, retail, telecommunications, infrastructure, property and related services. The group was created in 2015 through the combination of the Cheung Kong and Hutchison Whampoa businesses and is headquartered in Hong Kong. CK Hutchison pursues a strategy of long‑term investment and active portfolio management across multiple capital‑intensive sectors.

The company’s principal activities include global port operations through Hutchison Ports, one of the world’s largest port operators; health and beauty, grocery and related retailing through A.S.