China Vanke Co., Ltd. (OTCMKTS:CHVKF) Sees Large Drop in Short Interest

China Vanke Co., Ltd. (OTCMKTS:CHVKF) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 5,634,800 shares, a drop of 13.9% from the May 15th total of 6,545,200 shares. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is presently 670.8 days.

China Vanke Stock Performance

Shares of OTCMKTS CHVKF remained flat at $0.64 during midday trading on Friday. The stock has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.76. China Vanke has a 52 week low of $0.52 and a 52 week high of $1.29.

China Vanke Company Profile

China Vanke Co, Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally. It operates through Property Development and Property Management segments. The company develops residential buildings, apartments, retail properties, and commercial offices.