China Literature Limited (OTCMKTS:CHLLF) Sees Large Increase in Short Interest

China Literature Limited (OTCMKTS:CHLLF) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 3,481,700 shares, an increase of 14.6% from the October 15th total of 3,038,500 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 8,704.3 days.

China Literature Trading Up 5.7 %

OTCMKTS CHLLF opened at $3.67 on Monday. China Literature has a 1 year low of $3.47 and a 1 year high of $3.67. The company has a fifty day moving average price of $3.44 and a 200-day moving average price of $3.37.

About China Literature

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.