Short Interest in China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) Increases By 37.3%

China Eastern Airlines Co. Limited (OTCMKTS:CHEAF) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,838,000 shares, an increase of 37.3% from the January 15th total of 6,438,100 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 12,625.7 days.

China Eastern Airlines Stock Performance

CHEAF stock remained flat at $0.32 during midday trading on Friday. The business has a 50 day simple moving average of $0.33 and a 200 day simple moving average of $0.29. China Eastern Airlines has a 52-week low of $0.20 and a 52-week high of $0.34.

About China Eastern Airlines

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services.