Short Interest in Chervon Holdings Limited (OTCMKTS:CHRHF) Expands By 93.9%

Chervon Holdings Limited (OTCMKTS:CHRHF) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,101,200 shares, a growth of 93.9% from the May 31st total of 567,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 11,012.0 days.

Chervon Stock Performance

OTCMKTS:CHRHF opened at $2.57 on Friday. The firm has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.26. Chervon has a 12 month low of $1.65 and a 12 month high of $4.01.

About Chervon

Chervon Holdings Limited, together with its subsidiaries, engages in the research, development, manufacture, testing, sale, and after-sale servicing of power tools, outdoor power equipment, and related products in North America, Europe, China, and internationally. It operates through Power Tools, Outdoor Power Equipment, and Others segments.