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

Chanson International Holding (NASDAQ:CHSN) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 125,200 shares, a drop of 63.0% from the February 28th total of 338,800 shares. Based on an average daily trading volume, of 2,110,000 shares, the short-interest ratio is presently 0.1 days. Approximately 3.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Chanson International

A hedge fund recently bought a new stake in Chanson International stock. Schonfeld Strategic Advisors LLC purchased a new stake in Chanson International Holding (NASDAQ:CHSN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,400 shares of the company’s stock, valued at approximately $114,000. Schonfeld Strategic Advisors LLC owned 0.33% of Chanson International as of its most recent SEC filing. 2.83% of the stock is currently owned by institutional investors and hedge funds.

Chanson International Trading Down 9.1 %

Chanson International stock traded down $0.02 during mid-day trading on Friday, hitting $0.24. The company’s stock had a trading volume of 82,342 shares, compared to its average volume of 755,321. Chanson International has a twelve month low of $0.18 and a twelve month high of $15.55. The stock’s fifty day moving average price is $0.82 and its two-hundred day moving average price is $4.86.

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.