Chanson International Holding (NASDAQ:CHSN) Sees Large Drop in Short Interest

Chanson International Holding (NASDAQ:CHSN) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 338,800 shares, a decline of 49.3% from the February 13th total of 668,300 shares. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is currently 0.2 days. Currently, 9.3% of the shares of the stock are sold short.

Chanson International Price Performance

NASDAQ:CHSN traded down $0.00 during trading hours on Friday, hitting $0.23. 240,571 shares of the stock were exchanged, compared to its average volume of 749,003. Chanson International has a 52-week low of $0.18 and a 52-week high of $15.55. The firm’s fifty day moving average price is $1.75 and its 200 day moving average price is $4.97.

Institutional Investors Weigh In On Chanson International

An institutional investor recently bought a new position in Chanson International stock. Schonfeld Strategic Advisors LLC acquired a new position in shares of Chanson International Holding (NASDAQ:CHSN) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 22,400 shares of the company’s stock, valued at approximately $114,000. Schonfeld Strategic Advisors LLC owned approximately 0.33% of Chanson International at the end of the most recent quarter. Institutional investors own 2.83% of the company’s stock.

Chanson International Company Profile

Chanson International Holding manufactures and sells a range of bakery products, seasonal products, and beverage products for individual and corporate customers. It offers packaged bakery products, such as cakes, bread, sweets, and snacks; birthday cakes; made-in-store pastries; mooncakes and zongzi products; and other products, including sandwiches, salads, toasts, croissants, soups, and desserts, as well as beverages and juice products.