Short Interest in China Hongqiao Group Limited (OTCMKTS:CHHQF) Drops By 37.5%

China Hongqiao Group Limited (OTCMKTS:CHHQF) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,517,668 shares, a drop of 37.5% from the February 26th total of 2,427,922 shares. Based on an average trading volume of 4,928 shares, the short-interest ratio is presently 308.0 days.

China Hongqiao Group Stock Performance

Shares of CHHQF stock opened at $5.00 on Friday. China Hongqiao Group has a twelve month low of $1.57 and a twelve month high of $5.00. The stock has a 50 day moving average of $4.86 and a 200 day moving average of $3.96.

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.