Chow Tai Fook (OTCMKTS:CJEWY) Sees Significant Decline in Short Interest

Key Points

• Chow Tai Fook (OTCMKTS:CJEWY) experienced a significant drop in short interest in September, falling to 400 shares, which is a 33.3% decrease from 600 shares on September 15th.
• The company declared a new dividend of $0.3577 per share with a dividend yield of 315.0%, an increase from the previous dividend of $0.26.
• As of the latest performance, Chow Tai Fook's stock opened at $18.62 with a 52-week range between a low of $8.40 and a high of $21.00.

Chow Tai Fook (OTCMKTS:CJEWY - ) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 400 shares, a drop of 33.3% from the September 15th total of 600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 4.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 4.0 days.

Chow Tai Fook Stock Performance

CJEWY opened at $18.62 on Wednesday. The stock's fifty day moving average is $19.40 and its two-hundred day moving average is $16.49. Chow Tai Fook has a 52 week low of $8.40 and a 52 week high of $21.00.

Chow Tai Fook Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 7th were given a dividend of $0.3577 per share. This represents a dividend yield of 315.0%. The ex-dividend date of this dividend was Wednesday, August 6th. This is a positive change from Chow Tai Fook's previous dividend of $0.26.

Chow Tai Fook Company Profile

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products in Mainland China, Hong Kong, Macau, Taiwan, Cambodia, Canada, Korea, Japan, Malaysia, the Philippines, Singapore, Thailand, the United States, and Vietnam. The company offers gem-set, platinum and k-gold jewelry, and gold jewelry and products under the CHOW TAI FOOK, HEARTS ON FIRE, ENZO, MONOLOGUE, and SOINLOVE brands.

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