Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) Sees Large Increase in Short Interest

Key Points

• Ck Hutchison Holdings Ltd experienced a significant increase in short interest of 487.5% in July, with total short interest rising to 23,500 shares from 4,000 shares.
• The company has recently raised its dividend to $0.1559, up from its previous $0.07, representing a remarkable yield of 396.0%.
• Ck Hutchison's stock was trading at $6.55, with a current and quick ratio of 1.47 and 1.28 respectively, indicating good liquidity.

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,500 shares, anincreaseof487.5% from the July 15th total of 4,000 shares. Based on an average daily volume of 330,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 330,600 shares, the short-interest ratio is presently 0.1 days.

Ck Hutchison Stock Performance

CKHUY traded down $0.05 during mid-day trading on Friday, hitting $6.50. The stock had a trading volume of 146,097 shares, compared to its average volume of 144,108. The stock's fifty day simple moving average is $6.25 and its 200-day simple moving average is $5.75. The company has a current ratio of 1.47, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. Ck Hutchison has a 1-year low of $4.80 and a 1-year high of $6.75.

Ck Hutchison Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 27th. Shareholders of record on Thursday, May 29th were issued a $0.1559 dividend. This represents a yield of 396.0%. This is a boost from Ck Hutchison's previous dividend of $0.07. The ex-dividend date was Wednesday, May 28th.

About Ck Hutchison

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong and internationally. The company operates through four segments: Ports and Related Services, Retail, Infrastructure, and Telecommunications.