Chow Tai Fook (OTCMKTS:CJEWY) Short Interest Up 94.1% in March

Key Points

• Short interest jumped 94.1% in March to 792 shares from 408 on March 15, leaving a days-to-cover of about 1.5 based on average daily volume; the report also notes 0.0% of shares are short sold.
• Shares opened at $14.15 with a 12‑month range of $11.66–$21.00 and technicals showing a 50‑day MA of $17.29 and 200‑day MA of $17.84.
• Chow Tai Fook is a Hong Kong–based integrated jewellery retailer (design, manufacturing, retail/wholesale) with modest leverage (debt/equity 0.26) and a current ratio of 1.50.

Chow Tai Fook (OTCMKTS:CJEWY - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 792 shares, a growth of 94.1% from the March 15th total of 408 shares. Based on an average trading volume of 521 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the shares of the stock are short sold.

Chow Tai Fook Price Performance

Shares of OTCMKTS CJEWY opened at $14.15 on Monday. Chow Tai Fook has a twelve month low of $11.66 and a twelve month high of $21.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.50 and a quick ratio of 0.29. The firm has a 50-day moving average of $17.29 and a two-hundred day moving average of $17.84.

About Chow Tai Fook

Chow Tai Fook Jewellery Group is a Hong Kong–based jeweller founded in 1929 and headquartered in Hong Kong. The company operates as an integrated jewellery business spanning design, sourcing, manufacturing, retail and wholesale distribution. It is one of the region's largest jewellery retailers and sells a range of precious-metal and gem-set products through an extensive store network and other distribution channels.

Chow Tai Fook's product lineup includes gold jewelry, diamond and gemstone pieces, watches and related accessories, with offerings that span mass-market collections, bridal and higher-end designer pieces.

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