Chervon Holdings Limited (OTCMKTS:CHRHF) Sees Large Decline in Short Interest

Chervon Holdings Limited (OTCMKTS:CHRHF) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 15,089 shares, a decrease of 86.1% from the June 30th total of 108,855 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Chervon Price Performance

CHRHF stock opened at $2.65 on Monday. The firm’s 50 day moving average price is $2.18 and its 200-day moving average price is $2.51. Chervon has a one year low of $1.93 and a one year high of $3.60.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Chervon to a “buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Chervon has an average rating of “Buy”.

Chervon Company Profile

Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.