China Merchants Port Holdings Company Limited (OTCMKTS:CMHHY) Sees Large Decline in Short Interest

China Merchants Port Holdings Company Limited (OTCMKTS:CMHHY) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a drop of 83.3% from the September 30th total of 600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1.0 days.

China Merchants Port Stock Performance

Shares of CMHHY stock traded up $2.61 during mid-day trading on Friday, hitting $17.37. The stock had a trading volume of 10,709 shares, compared to its average volume of 2,767. China Merchants Port has a 12-month low of $12.11 and a 12-month high of $14.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.86. The firm’s 50-day moving average is $14.75 and its two-hundred day moving average is $14.11.

China Merchants Port Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.2821 per share. The ex-dividend date of this dividend is Wednesday, September 25th.

China Merchants Port Company Profile

China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland China, Brazil, Hong Kong, Taiwan, and internationally. The company operates through Ports Operation, Bonded Logistics Operation, and Other Operations segments. It engages in the container, and bulk and general cargo terminal operation; logistic park operation, ports transportation, and airport cargo handling; and property development, holding, and investment activities.