Short Interest in China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Decreases By 7.3%

Posted by Thomas Dobrow on Aug 21st, 2024

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 970,000 shares, a decrease of 7.3% from the July 15th total of 1,046,000 shares. Based on an average trading volume of 85,700 shares, the short-interest ratio is currently 11.3 days.

China Eastern Airlines Stock Down 2.1 %

CHEAF stock opened at $0.23 on Wednesday. The firm’s 50-day simple moving average is $0.24 and its 200 day simple moving average is $0.25. China Eastern Airlines has a fifty-two week low of $0.22 and a fifty-two week high of $0.36.

China Eastern Airlines Company Profile

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China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services.