China Hongqiao Group Limited (OTCMKTS:CHHQF – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 166,656 shares, a drop of 90.4% from the August 15th total of 1,734,169 shares. Based on an average trading volume of 27,897 shares, the short-interest ratio is presently 6.0 days.
China Hongqiao Group Stock Performance
Shares of CHHQF remained flat at $2.99 during midday trading on Thursday. 1,331 shares of the stock traded hands, compared to its average volume of 17,550. The firm has a 50 day moving average price of $2.96 and a 200 day moving average price of $3.81. China Hongqiao Group has a one year low of $2.42 and a one year high of $5.19.
About China Hongqiao Group
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.
Further Reading
- Five stocks we like better than China Hongqiao Group
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for China Hongqiao Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Hongqiao Group and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}