CCH Holdings Ltd (NASDAQ:CCHH) Sees Large Decrease in Short Interest

CCH Holdings Ltd (NASDAQ:CCHH) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 4,331 shares, a decline of 53.6% from the September 30th total of 9,342 shares. Based on an average daily volume of 30,801 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

CCH Stock Performance

CCHH traded down $0.07 during midday trading on Friday, hitting $0.89. 6,874 shares of the company traded hands, compared to its average volume of 29,438. The business has a 50 day simple moving average of $1.06 and a two-hundred day simple moving average of $3.76. CCH has a 52-week low of $0.83 and a 52-week high of $153.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CCH in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Transactions at CCH

In related news, CEO Kok Goh sold 4,872,500 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $0.28, for a total transaction of $1,364,300.00. Following the sale, the chief executive officer directly owned 347,500 shares of the company’s stock, valued at approximately $97,300. This represents a 93.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

About CCH

We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.