Chorus Limited (OTCMKTS:CHRYY – Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 100 shares, a drop of 75.0% from the October 31st total of 400 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 0.1 days.
Chorus Trading Down 3.9 %
CHRYY traded down $1.00 during midday trading on Friday, hitting $24.94. 150 shares of the company’s stock traded hands, compared to its average volume of 833. The company has a debt-to-equity ratio of 4.95, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s fifty day simple moving average is $26.41 and its 200-day simple moving average is $24.61. Chorus has a one year low of $20.85 and a one year high of $28.24.
Wall Street Analyst Weigh In
Separately, UBS Group raised Chorus from a “strong sell” rating to a “hold” rating in a research report on Sunday, October 13th.
About Chorus
Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.
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