ChinaCache International Holdin (NASDAQ:CCIH).
The stock of ChinaCache International Holdin (NASDAQ:CCIH) reached a 52 week low reaching $4.80 as trading wrapped up on Wednesday. The company closed down 3.96% when all was said and done. Volume was 117,878 shares and the stock hit $5.05 at its intraday high.
Shares of the company closed at $4.85 which is marginally lower than the 50 day moving average of $5.47 and barely below the 200 day moving average of $7.10. The 50 day moving average went down $-0.62 or -11.30% and the 200 day average went down by -31.71%.
Traders are feeling more bullish on shares of ChinaCache International Holdin recently if you put credence in the fall in short interest. The company realized a fall in short interest between August 31, 2016 and September 15, 2016 of -0.45%. Short interest fell from 289,903 to 160,621 over that period. The short-interest ratio increased to 3.8 and the short interest percentage is 0.01% as of September 15.
Ratings analysts have released opinions. Equity analyst Rosenblatt started covering the stock setting a rating of “Buy”.