Zhejiang Expressway Co., Ltd. (OTCMKTS:ZHEXF) Sees Significant Drop in Short Interest

Zhejiang Expressway Co., Ltd. (OTCMKTS:ZHEXF) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,654,870 shares, a decrease of 55.3% from the May 31st total of 3,704,870 shares. Based on an average daily trading volume, of 855 shares, the short-interest ratio is currently 1,935.5 days.

Zhejiang Expressway Price Performance

Zhejiang Expressway stock opened at $0.82 on Wednesday. The stock’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $0.91. Zhejiang Expressway has a fifty-two week low of $0.76 and a fifty-two week high of $1.10.

Zhejiang Expressway Company Profile

Zhejiang Expressway Co, Ltd. is a leading toll road operator and infrastructure developer headquartered in Hangzhou, Zhejiang Province, People’s Republic of China. Since its incorporation in 1997 and subsequent listing on the Hong Kong Stock Exchange, the company has been engaged primarily in the investment, construction, operation and maintenance of high-grade expressways. Its flagship assets include several key highway corridors that serve as vital arteries for passenger and freight traffic across Zhejiang, with connections extending into neighboring provinces such as Jiangsu and Shanghai.

Beyond toll road operations, Zhejiang Expressway has diversified its portfolio by developing ancillary businesses that complement its core infrastructure assets.