China Literature Limited (OTCMKTS:CHLLF) Sees Significant Drop in Short Interest

China Literature Limited (OTCMKTS:CHLLF) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,469,100 shares, a decrease of 22.6% from the December 31st total of 3,189,500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 24,691.0 days.

China Literature Price Performance

Shares of OTCMKTS CHLLF remained flat at $3.53 during mid-day trading on Friday. The company has a 50-day moving average price of $3.56 and a 200 day moving average price of $3.46. China Literature has a twelve month low of $3.47 and a twelve month high of $3.67.

China Literature Company Profile

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company promotes intellectual properties primarily through its online literature platforms, such as QQ Reading and Qidian; and New Classics Media, a film and TV drama series production house.