Short Interest Change: After Reaching Milestone, Is Chinacache International Holding (NASDAQ:CCIH)’s Short Interest Revealing Something?

November 29, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Change: After Reaching Milestone, Is Chinacache International Holding (NASDAQ:CCIH)’s Short Interest Revealing Something?

The stock of Chinacache International Holding (NASDAQ:CCIH) registered a decrease of 21.64% in short interest. CCIH’s total short interest was 144,100 shares in November as published by FINRA. Its down 21.64% from 183,900 shares, reported previously. With 46,100 shares average volume, it will take short sellers 3 days to cover their CCIH’s short positions. The short interest to Chinacache International Holding’s float is 1.21%. The stock increased 2.20% or $0.07 on November 28, hitting $3.25. ChinaCache International Holdings Ltd (NASDAQ:CCIH) has declined 60.51% since April 26, 2016 and is downtrending. It has underperformed by 65.77% the S&P500.

ChinaCache International Holdings Ltd. is a holding Company. The company has a market cap of $90.31 million. The Firm provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. It currently has negative earnings. The Company’s across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.

CCIH Company Profile

ChinaCache International Holdings Ltd. (ChinaCache), incorporated on June 29, 2005, is a holding Company. The Firm provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. The Company’s across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers. It provides a portfolio of content and application delivery total solutions and solutions tailored to its customers’ needs. It provides various services that are offered on a standalone basis or combined as part of its integrated solutions, such as Web Page Content Services, File Transfer Services, Rich Media Streaming Services, Guaranteed Application Services, Managed Internet Data Services, ChinaCache Cloud Services, Content Bridging Services, Internet Exchange and Data Center Services, Mobile Internet Solutions, Value-added Services, Cloud Infrastructure Development and Customer-tailored Integrated Solutions.

More recent ChinaCache International Holdings Ltd (NASDAQ:CCIH) news were published by: Globenewswire.com which released: “ChinaCache International Holdings Ltd. Announces Fourth Quarter and Full …” on March 21, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Globenewswire.com‘s news article titled: “ChinaCache to Participate in HSBC 8th Annual Asia Investor Forum” with publication date: October 10, 2016 was also an interesting one.

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By Ellis Scott


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